North Light Specialty Ins Co
Major Rating Factors:
Fair profitability index (2.9 on a scale of 0 to 10) with operating losses during 2020. Return on equity has been fair, averaging 11.2% over the past five years. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.0) despite weak risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.0% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (94.0%), comm multi (5.4%), other (0.5%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (92.2%), other (7.8%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
3100 Sanders Road
Northbrook, IL 60062
Northbrook, IL 60062
Phone Number
(847) 402-5000
NAIC Number
13167
Largest Affiliates