Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good long-term capitalization index (6.0) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good overall profitability index (5.1) despite operating losses during 2021 and 2022.
Other Rating Factors:
Good overall results on stability tests (5.2) despite. The largest net exposure for one risk is high at 4.1% of capital. Stability strengths include good historical capital adequacy and good risk diversification. Superior liquidity (9.0) 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 (17.2%), fire (6.8%), product liab. (0.3%), other (75.7%)
Licensed in:
DE
Principal Investments:
Investment grade bonds (62.9%), cash (16.9%), other (20.1%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
2325 East Camelback Road
Phoenix, AZ 85016
Phoenix, AZ 85016
Phone Number
(480) 237-2417
NAIC Number
16427
Website
Largest Affiliates
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