Major Rating Factors:
Fair reserve development (4.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent profitability index (8.9). Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Comm multi (7.3%), med mal (6.9%), fin guar/surety (2.0%), personal/comm auto (0.9%), fire (0.8%), other (82.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (69.3%), common stock (12.7%), preferred stock (2.8%), cash (0.8%), other (14.4%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
100 William Street
New York, NY 10038
New York, NY 10038
Phone Number
(212) 978-2800
NAIC Number
14484
Website
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