Major Rating Factors:
Fair reserve development (3.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.5) including excessive premium growth and weak results on operational trends. Good profitability index (4.9). Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.0) 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 (31.6%), personal/comm auto (20.2%), fire (6.3%), other (41.9%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (88.6%), common stock (10.2%), cash (0.2%), other (0.9%)
Corporate Info
Group Affiliation
Shield Holdings Llc
Investment Rating
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Company Address
2850 Dixie Hwy
Waterford, MI 48328
Waterford, MI 48328
Phone Number
(616) 662-3900
NAIC Number
16762
Website
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