Major Rating Factors:
Good overall results on stability tests (6.8 on a scale of 0 to 10) 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. 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:
Excellent profitability index (9.5). Excellent expense controls. 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (21.9%), med mal (15.1%), other (63.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (74.4%), non investment grade bonds (1.0%), cash (0.2%), other (24.4%)
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