National Fire & Indem Exchange
Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 9.2% of capital. Fair profitability index (3.9) with operating losses during 2020 and 2021. Average return on equity over the last five years has been poor at -3.2%. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (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 (83.9%), cash (7.8%), common stock (3.7%), other (4.6%)
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
Largest Affiliates
No affiliate information available.