Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.9) despite excessive premium growth. Other stability subfactors include potential support from affiliation with American International Group Inc, good operational trends and excellent risk diversification. 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.
Other Rating Factors:
Excellent profitability index (7.2) with small operating losses during 2022. Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (35.8%), fire (19.5%), comm multi (4.8%), personal/comm auto (2.9%), homeowners (2.0%), product liab. (0.4%), other (34.7%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (87.8%), cash (8.6%), other (3.6%)
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
19429
Website
Largest Affiliates