Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2020, 2021, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -0.7%. Fair overall results on stability tests (4.3) including excessive premium growth. Strengths include potentially strong support from affiliation with Radian Group Inc.
Other Rating Factors:
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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except NC, RI
Principal Investments:
Investment grade bonds (48.6%), cash (0.3%), other (51.1%)
Corporate Info
Group Affiliation
Radian Group Inc
Investment Rating
Company Address
550 East Swedesford Road
Wayne, PA 19087
Wayne, PA 19087
Phone Number
(215) 564-6600
NAIC Number
30872
Website
Largest Affiliates