Westminster American Ins Co
Major Rating Factors:
Fair reserve development (3.3 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 102.8% deficient. Good overall profitability index (5.2) despite operating losses during 2022. Good overall results on stability tests (4.9) including excessive premium growth. The largest net exposure for one risk is acceptable at 2.6% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (93.1%), other (6.9%)
Licensed in:
CO, DC, DE, GA, KY, MA, MD, NC, ND, NJ, NV, OR, PA, SC, TN, VA, VT, WA, WV
Principal Investments:
Investment grade bonds (53.4%), cash (40.1%), common stock (3.1%), real estate (1.7%), preferred stock (1.2%), other (0.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8890 McDonogh Road
Owings Mills, MD 21117
Owings Mills, MD 21117
Phone Number
(410) 291-4040
NAIC Number
16098
Largest Affiliates
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