Major Rating Factors:
History of adequate reserve strength (5.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Weak overall results on stability tests (2.7) including weak results on operational trends. The largest net exposure for one risk is excessive at 6.6% of capital. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Excellent profitability index (8.6) with operating gains in each of the last five years. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (96.4%), other (3.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (92.2%), cash (7.5%), other (0.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6701 Carmel Road
Charlotte, NC 28226
Charlotte, NC 28226
Phone Number
(800) 438-1162
NAIC Number
16379
Website
Largest Affiliates
No affiliate information available.