Specialty Risk of America
Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2020. Average return on equity over the last five years has been poor at -0.1%. Weak overall results on stability tests (2.8) including weak risk diversification and fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.6% of capital. Fair long-term capitalization index (3.9) based on fair current risk adjusted capital (severe loss scenarios).
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Excellent liquidity (8.6) 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.
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 (94.9%), other (5.1%)
Licensed in:
AZ, IA, IL, IN, KY, MO, NE, NV, OH, WI
Principal Investments:
Investment grade bonds (65.1%), cash (16.8%), common stock (7.3%), real estate (1.7%), non investment grade bonds (1.6%), preferred stock (1.5%), other (6.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
401 West Fayette Avenue
Springfield, IL 62704
Springfield, IL 62704
Phone Number
(217) 753-2500
NAIC Number
19780
Website
Largest Affiliates
No affiliate information available.