National Fire & Indem Exchange
Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 8.4% of capital. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Good overall profitability index (6.0) despite operating losses during 2021.
Other Rating Factors:
Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (100.0%)
Licensed in:
All states except AK, CA, DC, DE, HI, ID, ME, ND, NH, NM, NV, RI, SD, UT, VT, WA, WV, WY
Principal Investments:
Investment grade bonds (71.6%), cash (13.0%), common stock (3.8%), other (11.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6030 Bancroft Avenue
Saint Louis, MO 63109
Saint Louis, MO 63109
Phone Number
(314) 832-1118
NAIC Number
15679
Website
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