Ins Placement Facility of PA
Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -74.1%. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and weak risk diversification. The largest net exposure for one risk is excessive at 33.8% of capital. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Fire (69.0%), other (31.0%)
Licensed in:
(No states)
Principal Investments:
Cash (19.1%), other (80.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
190 North Independence Mall, West
Philadelphia, PA 19106
Philadelphia, PA 19106
Phone Number
(215) 629-8800
NAIC Number
30864
Website
Largest Affiliates
No affiliate information available.