Major Rating Factors:
Good overall profitability index (6.1 on a scale of 0 to 10) despite operating losses during 2022. Excellent expense controls. Fair reserve development (4.4) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.7) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025.
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (34.5%), homeowners (11.8%), comm multi (7.5%), other (46.2%)
Licensed in:
All states except CO, FL, ID, ME, MI, NJ, NY, OR, SC, VA, VT, WY
Principal Investments:
Investment grade bonds (62.4%), cash (18.7%), other (18.8%)
Corporate Info
Group Affiliation
Genstar IX GP LLC
Investment Rating
--
Company Address
1330 Avenue of the Americas
New York, NY 10019
New York, NY 10019
Phone Number
(800) 684-5428
NAIC Number
26395
Website
Largest Affiliates