Penn-America Ins Co
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10). Fair overall results on stability tests (4.2) including weak results on operational trends. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (55.5%), product liab. (7.4%), fire (0.8%), other (36.3%)
Licensed in:
All states except CT, DC, FL, GA, LA, MA, MD, ME, NC, NH, NJ, OK, RI, SC, TX, VA, VT, WV, WY
Principal Investments:
Investment grade bonds (93.5%), cash (4.2%), common stock (2.2%)
Corporate Info
Group Affiliation
Global Indemnity Group LLC
Investment Rating
Company Address
Three Bala Plaza, East
Bala Cynwyd, PA 19004
Bala Cynwyd, PA 19004
Phone Number
(610) 664-1500
NAIC Number
32859
Website
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