Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall profitability index (5.2) with operating gains in each of the last five years. Return on equity has been low, averaging 2.8% over the past five years. Good overall results on stability tests (6.8) despite.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (96.0%), other (4.0%)
Licensed in:
VT
Principal Investments:
Investment grade bonds (95.3%), non investment grade bonds (1.6%), cash (0.1%), other (3.0%)
Corporate Info
Group Affiliation
Housing Authority Ins Group
Investment Rating
--
Company Address
189 Commerce Court
Cheshire, CT 06410
Cheshire, CT 06410
Phone Number
(203) 272-8220
NAIC Number
15381
Website
Largest Affiliates