Major Rating Factors:
Good profitability index (5.0 on a scale of 0 to 10). Weak overall results on stability tests (2.2) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is excessive at 5.9% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Superior liquidity (9.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
All states except CA, FL, GA, HI, IL, ME, MN, OR, PA, WA
Principal Investments:
Investment grade bonds (93.8%), cash (4.6%), other (1.7%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
Six Mill Ridge Lane
Chester, NJ 07930
Chester, NJ 07930
Phone Number
(908) 879-0990
NAIC Number
12150
Website
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Largest Affiliates
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