Major Rating Factors:
Poor long-term capitalization index (1.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios). A history of deficient reserves (1.8) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 30.9% and 58.6% deficient. Vulnerable liquidity (2.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Fair profitability index (4.3) with operating losses during 2021 and 2024. Good overall results on stability tests (6.3) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2025. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
Principal Lines of Business:
Product liab. (9.7%), personal/comm auto (6.7%), med mal (1.6%), other (82.0%)
Licensed in:
OH, VA
Principal Investments:
Investment grade bonds (73.7%), cash (3.1%), preferred stock (0.8%), other (22.4%)
Corporate Info
Group Affiliation
James River Group Holdings Inc
Investment Rating
Company Address
6641 West Broad Street
Richmond, VA 23230
Richmond, VA 23230
Phone Number
(804) 289-2713
NAIC Number
13685
Largest Affiliates