Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In the last five years, reserves (two year development) fluctuated between 15.3% and 30.7% deficient. Fair profitability index (4.8) with operating losses during 2022 and 2024. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.6) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital. Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (27.7%), homeowners (12.3%), personal/comm auto (8.2%), fin guar/surety (2.6%), farmowners (0.4%), product liab. (0.2%), med mal (0.2%), work comp (0.1%), other (48.2%)
Licensed in:
All states except AR, CO, CT, FL, GA, KS, MA, MD, ME, MO, MT, NH, NJ, NV, SC, SD, VA, VT, WV, WY
Principal Investments:
Investment grade bonds (87.0%), common stock (5.9%), cash (0.6%), other (6.5%)
Corporate Info
Group Affiliation
SCOR SE
Investment Rating
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Company Address
28 Liberty Street
New York, NY 10005
New York, NY 10005
Phone Number
(212) 480-1900
NAIC Number
30058
Website
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Largest Affiliates