Major Rating Factors:
Weak overall results on stability tests (2.9 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 long-term capitalization index (5.6) 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 (6.5) despite operating losses during 2021 and 2022.
Other Rating Factors:
Ample reserve history (7.3) that can protect against increases in claims costs. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
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 (10.2%), other (89.8%)
Licensed in:
IL
Principal Investments:
Investment grade bonds (84.2%), cash (13.2%), other (2.6%)
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
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Largest Affiliates
No affiliate information available.