B
ENDURANCE ASR CORP
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good long-term capitalization index (5.9 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenario). Moreover, capital has steadily grown over the last five years. Good overall results on stability tests (5.1) despite excessive premium growth and weak results on operational trends. Stability strengths include good historical capital adequacy and excellent risk diversification.
Other Rating Factors: Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. Fair profitability index (4.2) with operating losses during 2018 and 2020. Return on equity has been low, averaging 0.6% over the past five years. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fin guar/surety (16.5%), other (83.5%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (59.7%), common stock (21.9%), cash (9.5%), non investment grade bonds (5.5%), other (3.4%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Endurance Specialty Holdings
Investment Rating
--
Company Address
1209 ORANGE STREET
WILMINGTON, DE 19801
Phone Number
(914) 468-8602
NAIC Number
11551
Largest Affiliates
B
WILMINGTON, DE - P&C
B
NEW YORK, NY - P&C
C
AUSTIN, TX - P&C
Weiss Ratings