Major Rating Factors:
Weak overall results on stability tests (1.3 on a scale of 0 to 10) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2020, 2021, 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -0.9%.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
(No states)
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
ISMIE Mutual Ins Co
Investment Rating
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Company Address
20 North Michigan Avenue
Chicago, IL 60602
Chicago, IL 60602
Phone Number
(312) 782-2749
NAIC Number
16638
Website
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