E
BUILD AMERICA MUTUAL ASR CO
Data as of
December 31, 2021
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (1.7) with operating losses during each of the last five years.
Other Rating Factors: Weak overall results on stability tests (0.0) including negative cash flow from operations for 2021. The largest net exposure for one risk is excessive at 208.8% of capital. 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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fin guar/surety (100.0%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (95.6%), cash (1.3%), other (3.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
200 Liberty St 27th Floor
New York, NY 10281
Phone Number
(212) 235-2500
NAIC Number
14380
Largest Affiliates
No affiliate information available.
Weiss Ratings