Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.7) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall profitability index (6.1) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 13.7%. Good overall results on stability tests (6.0) despite. The largest net exposure for one risk is high at 3.5% of capital. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (82.3%), non investment grade bonds (14.1%), cash (1.8%), preferred stock (1.8%)
Corporate Info
Group Affiliation
Goose Creek Capital Inc
Investment Rating
--
Company Address
One Newark Center
Newark, NJ 07102
Newark, NJ 07102
Phone Number
(973) 624-7200
NAIC Number
11592
Website
Largest Affiliates