Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2018. Weak overall results on stability tests (0.3) including weak results on operational trends. The largest net exposure for one risk is excessive at 26.5% of capital.
Other Rating Factors:
Fair long-term capitalization index (3.2) based on fair current risk adjusted capital (severe and moderate loss scenarios). Fair reserve development (3.3) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 26% and 821%. Fair liquidity (3.0) as cash resources may not be adequate to cover a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (41.4%), personal/comm auto (14.7%), homeowners (8.2%), comm multi (6.3%), other (29.4%)
Licensed in:
No States
Principal Investments:
Other (100%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
ONE LIME STREET
LONDON, IL
LONDON, IL
Phone Number
(502) 875-5940
NAIC Number
15642
Website
Largest Affiliates
No affiliate information available.
