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 overall profitability index (5.3) despite operating losses during 2022. Excellent expense controls. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Fire (17.5%), personal/comm auto (5.4%), comm multi (4.2%), homeowners (3.0%), product liab. (0.1%), other (69.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (94.0%), cash (3.3%), common stock (0.1%), other (2.5%)
Corporate Info
Group Affiliation
American International Group Inc
Investment Rating
Company Address
500 West Madison Street
Chicago, IL 60661
Chicago, IL 60661
Phone Number
(212) 770-7000
NAIC Number
26883
Website
Largest Affiliates