Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.1) with operating losses during 2021 and 2022. Good overall results on stability tests (6.1) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (53.5%), personal/comm auto (19.4%), work comp (0.5%), other (26.7%)
Licensed in:
All states except HI
Principal Investments:
Investment grade bonds (92.2%), cash (7.1%), other (0.7%)
Corporate Info
Group Affiliation
American International Group Inc
Investment Rating
Company Address
500 West Madison Street
Chicago, IL 60661
Chicago, IL 60661
Phone Number
(212) 770-7000
NAIC Number
19402
Website
Largest Affiliates