Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.9) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent profitability index (9.6) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 17.4%.
Stability Factors:
Principal Lines of Business:
Fire (26.8%), med mal (16.8%), other (56.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (76.1%), non investment grade bonds (0.9%), other (23.0%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
555 College Road East
Princeton, NJ 08543
Princeton, NJ 08543
Phone Number
(609) 243-4200
NAIC Number
12489
Largest Affiliates