Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2022. Return on equity has been low, averaging 0.5% over the past five years. Weak overall results on stability tests (2.5) including weak results on operational trends.
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 (8.9) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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:
Fire (68.5%), homeowners (10.3%), other (21.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (60.5%), common stock (20.5%), preferred stock (15.2%), cash (3.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
401 South Carlton Avenue
Wheaton, IL 60187
Wheaton, IL 60187
Phone Number
(630) 668-9200
NAIC Number
28134
Website
Largest Affiliates
No affiliate information available.