Granite Re Inc
Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (4.9) including. The largest net exposure for one risk is excessive at 5.2% of capital. Strengths include potentially strong support from affiliation with Federated Mutual Ins Co. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.8).
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Fin guar/surety (46.3%), personal/comm auto (16.5%), work comp (6.6%), fire (3.6%), comm multi (3.0%), product liab. (1.4%), other (22.6%)
Licensed in:
All states except AK, HI, NY
Principal Investments:
Investment grade bonds (96.3%), non investment grade bonds (0.8%), cash (0.1%), other (2.9%)
Corporate Info
Group Affiliation
Federated Mutual Ins Co
Investment Rating
--
Company Address
14001 Quailbrook Drive
Oklahoma City, OK 73134
Oklahoma City, OK 73134
Phone Number
(405) 752-2600
NAIC Number
26310
Website
Largest Affiliates