Major Rating Factors:
Weak overall results on stability tests (1.5 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 3.2% of capital. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall profitability index (5.0) despite operating losses during 2020 and the first three months of 2025. Return on equity has been low, averaging 2.3% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.4) 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:
Homeowners (44.5%), comm multi (30.8%), farmowners (16.3%), fire (6.9%), other (1.6%)
Licensed in:
DE
Principal Investments:
Investment grade bonds (37.7%), cash (34.4%), common stock (19.2%), other (8.7%)
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
Largest Affiliates
No affiliate information available.