Major Rating Factors:
Poor long-term capitalization index (1.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Fair reserve development (5.0) as reserves have generally been sufficient to cover claims. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.5) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Excellent profitability index (9.0).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (80.5%), cash (2.1%), common stock (1.2%), other (16.1%)
Corporate Info
Group Affiliation
Assicurazioni Generali SpA
Investment Rating
Company Address
28 Liberty Street
New York, NY 10005
New York, NY 10005
Phone Number
(212) 602-7600
NAIC Number
11231
Website
Largest Affiliates