Major Rating Factors:
Good overall results on stability tests (6.6 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification. 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. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Superior liquidity (9.4) with ample operational cash flow and liquid investments. Fair profitability index (4.4) with operating losses during 2022 and the first three months of 2025. Return on equity has been low, averaging 1.4% over the past five years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
MD, PA
Principal Investments:
Common stock (62.4%), investment grade bonds (33.0%), non investment grade bonds (0.3%), cash (0.1%), other (4.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
509 S. Exeter Street
Baltimore, MD 21202
Baltimore, MD 21202
Phone Number
(410) 727-1794
NAIC Number
16039
Largest Affiliates
No affiliate information available.