Major Rating Factors:
Weak overall results on stability tests (1.0 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 20.1% of capital. Good overall profitability index (6.5). 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.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
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:
Fin guar/surety (100.0%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (61.2%), common stock (11.8%), cash (1.3%), non investment grade bonds (0.6%), other (25.0%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
1633 Broadway
New York, NY 10019
New York, NY 10019
Phone Number
(212) 974-0100
NAIC Number
30180
Largest Affiliates
There are no affiliate to display.