Major Rating Factors:
Good long-term capitalization index (6.0 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range over the last two years. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Fair profitability index (4.1) with operating losses during 2022, 2023 and 2024.
Other Rating Factors:
Fair overall results on stability tests (3.4) including excessive premium growth, weak results on operational trends and weak risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.1% of capital. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (12.3%), med mal (5.7%), fire (5.6%), product liab. (1.1%), personal/comm auto (0.2%), other (75.1%)
Licensed in:
All states except NJ
Principal Investments:
Investment grade bonds (96.8%), cash (0.2%), other (3.0%)
Corporate Info
Group Affiliation
Vantage Group Holdings Ltd
Investment Rating
--
Company Address
123 N. Wacker Drive
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(833) 552-1772
NAIC Number
32077
Website
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