NORTH LIGHT SPECIALTY INS CO
Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2020. Return on equity has been fair, averaging 7.0% over the past five years. Weak overall results on stability tests (2.5) including weak results on operational trends.
Other Rating Factors:
Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (moderate loss scenario). Good liquidity (5.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (8.7) that helps to protect the company against sharp claims increases.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (57.2%), homeowners (40.3%), comm multi (2.3%), other (0.3%)
Licensed in:
All states except DC, NE, NM, SD, WY, PR
Principal Investments:
Investment grade bonds (93.7%), non investment grade bonds (0.1%), other (6.2%)
Corporate Info
Group Affiliation
Allstate Group
Investment Rating
Company Address
3100 Sanders Road Suite 201
NORTHBROOK, IL 60062
NORTHBROOK, IL 60062
Phone Number
(847) 402-6704
NAIC Number
13167
Largest Affiliates
