ProBuilders Spclty Ins Co RRG
Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2019, 2020, 2021 and 2022. Weak overall results on stability tests (2.4) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is conservative at 1.7% of capital.
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (79.1%), cash (5.8%), other (15.2%)
Corporate Info
Group Affiliation
Apollo Global Management Inc
Investment Rating
Company Address
Five Batterson Park Road
Farmington, CT 06032
Farmington, CT 06032
Phone Number
(860) 773-3410
NAIC Number
11671
Largest Affiliates