E
UNDERWRITERS AT LLOYDS (KY)
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Poor long-term capitalization index (1.7 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenario). Weak overall results on stability tests (0.0) including weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is excessive at 39.3% of capital.
Other Rating Factors: Good overall profitability index (5.9). Fair expense controls. Return on equity has been excellent over the last five years averaging 65.6%. Ample reserve history (9.9) that helps to protect the company against sharp claims increases. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors: D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Med mal (0.9%), other (99.1%)
Licensed in: KY
Principal Investments: Investment grade bonds (99.8%), cash (0.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
ONE LIME STREET
LONDON, EN 40601
Phone Number
(414) 369-5033
NAIC Number
32727
Largest Affiliates
No affiliate information available.
Weiss Ratings