Specialty Risk of America
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.3% of capital. Fair long-term capitalization index (4.0) based on fair current risk adjusted capital (severe loss scenarios). Fair reserve development (5.0) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Good overall profitability index (6.1). Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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.
Principal Lines of Business:
Comm multi (95.5%), other (4.5%)
Licensed in:
AZ, IA, IL, IN, KY, MO, NE, NV, OH, WI
Principal Investments:
Investment grade bonds (67.8%), cash (14.8%), common stock (10.7%), real estate (1.7%), preferred stock (1.5%), other (3.4%)
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
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