Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2021 the two year reserve development was 17.3% deficient. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Excellent profitability index (8.7).
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Stability Factors:
Principal Lines of Business:
Fin guar/surety (16.7%), personal/comm auto (8.0%), fire (6.5%), comm multi (4.5%), work comp (2.2%), product liab. (0.9%), other (61.2%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (76.2%), common stock (19.3%), non investment grade bonds (0.4%), cash (0.2%), other (4.0%)
Corporate Info
Group Affiliation
Intact Financial Corporation
Investment Rating
--
Company Address
605 Highway 169 North
Plymouth, MN 55441
Plymouth, MN 55441
Phone Number
(800) 662-0156
NAIC Number
27154
Website
Largest Affiliates