Major Rating Factors:
Strong long-term capitalization index (7.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 14.9%.
Other Rating Factors:
Excellent liquidity (7.9) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.9). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (13.2%), work comp (10.1%), comm multi (8.8%), homeowners (2.7%), product liab. (2.2%), fin guar/surety (1.9%), med mal (1.8%), fire (1.8%), farmowners (0.1%), other (57.4%)
Licensed in:
All states and Canada, GU, PR, VI
Principal Investments:
Investment grade bonds (62.4%), common stock (20.0%), preferred stock (1.6%), cash (1.6%), non investment grade bonds (0.7%), real estate (0.3%), other (13.4%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
475 Steamboat Road
Greenwich, CT 06830
Greenwich, CT 06830
Phone Number
(203) 542-3800
NAIC Number
32603
Website
Largest Affiliates