Major Rating Factors:
Weak overall results on stability tests (1.4 on a scale of 0 to 10) including weak risk diversification and weak results on operational trends. The largest net exposure for one risk is high at 4.9% of capital. Good long-term capitalization index (5.9) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair profitability index (3.5) with operating losses during 2025.
Other Rating Factors:
History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (40.0%), comm multi (32.4%), farmowners (16.1%), fire (9.6%), other (1.9%)
Licensed in:
DE
Principal Investments:
Common stock (38.8%), investment grade bonds (36.5%), cash (19.8%), other (4.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Treadway Towers
Dover, DE 19901
Dover, DE 19901
Phone Number
(302) 736-5159
NAIC Number
29122
Website
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