E
ARROWOOD INDEMNITY CO
Data as of
December 31, 2021
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Poor long-term capitalization index (0.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.9) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 67% and 34% deficeint.
Other Rating Factors: Weak profitability index (0.3) with operating losses during each of the last five years. Average return on equity over the last five years has been poor at -52.3%. Weak overall results on stability tests (0.2) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2021. The largest net exposure for one risk is excessive at 14.8% of capital. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business: Work comp (100.0%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (76.8%), common stock (4.6%), non investment grade bonds (1.4%), cash (1.3%), preferred stock (0.1%), other (15.7%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Arrowpoint Capital Group
Investment Rating
--
Company Address
251 LITTLE FALLS DRIVE
Wilmington, DE 19808
Phone Number
(704) 522-2000
NAIC Number
24678
Largest Affiliates
No affiliate information available.
Weiss Ratings