Major Rating Factors:
Strong long-term capitalization index (8.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent profitability index (8.5).
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite. The largest net exposure for one risk is high at 3.2% of capital.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (20.4%), other (79.6%)
Licensed in:
All states and Canada, GU, MP, PR, VI
Principal Investments:
Common stock (57.4%), investment grade bonds (21.4%), preferred stock (2.7%), non investment grade bonds (2.3%), cash (2.0%), real estate (1.2%), other (12.9%)
Corporate Info
Group Affiliation
Factory Mutual Ins Co
Investment Rating
--
Company Address
270 Central Avenue
Johnston, RI 02919
Johnston, RI 02919
Phone Number
(401) 275-3000
NAIC Number
21482
Website
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