Concord Specialty Ins Co
Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -0.2%. Fair overall results on stability tests (3.6) including weak results on operational trends.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (37.4%), other (62.6%)
Licensed in:
SD
Principal Investments:
Common stock (94.0%), investment grade bonds (3.0%), cash (2.0%), other (1.0%)
Corporate Info
Group Affiliation
Revolutionary Holding Co LLC
Investment Rating
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Company Address
11426 York Road
Cockeysville, MD 21030
Cockeysville, MD 21030
Phone Number
(410) 625-0800
NAIC Number
16923
Website
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