Major Rating Factors:
Good overall profitability index (6.3 on a scale of 0 to 10). Good overall results on stability tests (5.0) despite. The largest net exposure for one risk is high at 4.9% of capital. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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:
All states and PR, VI
Principal Investments:
Investment grade bonds (73.3%), non investment grade bonds (9.7%), cash (8.6%), preferred stock (1.9%), other (6.5%)
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