Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with operating losses during 2021. Good overall results on stability tests (6.4) despite. Other stability subfactors include potentially strong support from affiliation with American International Group Inc, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
DE
Principal Investments:
Common stock (48.1%), cash (41.5%), other (10.4%)
Corporate Info
Group Affiliation
American International Group Inc
Investment Rating
Company Address
1271 Avenue of the Americas
New York, NY 10020
New York, NY 10020
Phone Number
(212) 770-7000
NAIC Number
13551
Largest Affiliates