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. 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:
PA
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.