D
HDI SPECIALTY INSURANCE CO
ChicagoIL
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
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Major Rating Factors: Poor long-term capitalization index (1.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (1.3) including weak risk adjusted capital in prior years, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 7.5% of capital.
Other Rating Factors: Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. In 2020, the one year reserve development was 23% deficient. Fair profitability index (4.5) with operating losses during 2018 and 2020. Average return on equity over the last five years has been poor at -0.6%. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. E - Lack of operating experience. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fire (9.1%), product liab. (2.4%), other (88.5%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (87.6%), cash (6.5%), non investment grade bonds (5.9%)
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Haftpflichtverband der Deutschen Ind
Investment Rating
--
Company Address
161 N Clark Street - 48th Floo
CHICAGO, IL 60601
Phone Number
(312) 580-1900
NAIC Number
16131
Largest Affiliates
C
CHICAGO, IL - P&C
B
Milwaukee, WI - P&C
Weiss Ratings