Major Rating Factors:
Fair long-term capitalization index (4.8 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Excellent profitability index (8.9) despite modest operating losses during the first six months of 2025. Return on equity has been excellent over the last five years averaging 16.7%.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (9.5%), comm multi (8.5%), personal/comm auto (1.8%), fire (0.9%), fin guar/surety (0.1%), other (79.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (70.5%), common stock (11.1%), preferred stock (3.0%), cash (0.5%), other (14.9%)
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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