Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.2) including excessive premium growth and weak results on operational trends. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (7.2). Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
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:
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Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (94.2%), cash (4.1%), other (1.7%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
10 Terrace Ct
Madison, WI 53718
Madison, WI 53718
Phone Number
(800) 362-5448
NAIC Number
24449
Website
Largest Affiliates