Major Rating Factors:
Good overall profitability index (6.2 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been fair, averaging 9.4% over the past five years. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (11.7%), work comp (8.1%), personal/comm auto (6.6%), med mal (5.2%), fire (2.2%), fin guar/surety (1.2%), product liab. (1.1%), other (63.9%)
Licensed in:
All states and Canada, PR, VI
Principal Investments:
Investment grade bonds (75.8%), common stock (11.3%), non investment grade bonds (3.8%), preferred stock (1.1%), cash (0.4%), other (7.6%)
Corporate Info
Group Affiliation
Loews Corporation
Investment Rating
Company Address
151 North Franklin Street
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(312) 822-5000
NAIC Number
20443
Website
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