Steadfast Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.8% over the past five years. Good overall results on stability tests (5.0) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (17.0%), comm multi (4.9%), product liab. (1.0%), personal/comm auto (0.7%), other (76.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (57.7%), common stock (40.3%), other (2.0%)
Corporate Info
Group Affiliation
Zurich Ins Group AG
Investment Rating
--
Company Address
1299 Zurich Way
Schaumburg, IL 60196
Schaumburg, IL 60196
Phone Number
(847) 605-6000
NAIC Number
26387
Website
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