Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 6.1% of capital. Good overall profitability index (5.4) despite operating losses during 2021 and 2022. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (12.6%), other (87.4%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (89.8%), cash (4.1%), other (6.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One North La Salle Street
Chicago, IL 60602
Chicago, IL 60602
Phone Number
(415) 488-6728
NAIC Number
17048
Website
--
Largest Affiliates
There are no affiliate to display.