Major Rating Factors:
Strong long-term capitalization index (7.3 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. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital. Good overall profitability index (6.4) despite operating losses during 2020. Return on equity has been fair, averaging 6.9% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (7.5%), work comp (5.4%), personal/comm auto (4.4%), fin guar/surety (1.1%), product liab. (1.0%), comm multi (0.2%), other (80.3%)
Licensed in:
All states and GU, PR
Principal Investments:
Investment grade bonds (70.2%), common stock (9.9%), non investment grade bonds (0.8%), cash (0.1%), other (19.0%)
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
677 Washington Blvd
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 964-5200
NAIC Number
22322
Website
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