Major Rating Factors:
Strong long-term capitalization index (8.2 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. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Other Rating Factors:
Good overall results on stability tests (6.6) despite negative cash flow from operations for 2025. Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.4) with operating losses during 2022.
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.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
MD, PA
Principal Investments:
Common stock (70.5%), investment grade bonds (25.5%), cash (0.1%), other (4.0%)
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
There are no affiliate to display.