Major Rating Factors:
Fair long-term capitalization index (3.4 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios). Fair profitability index (4.6) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (3.8) including weak results on operational trends, fair risk adjusted capital in prior years and excessive premium growth.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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 (21.6%), personal/comm auto (9.9%), fin guar/surety (4.6%), fire (3.7%), other (60.1%)
Licensed in:
All states except MA, ME, OR
Principal Investments:
Investment grade bonds (54.6%), common stock (39.3%), cash (5.0%), other (1.1%)
Corporate Info
Group Affiliation
Shield Holdings Llc
Investment Rating
--
Company Address
2850 Dixie Highway
Waterford, MI 48328
Waterford, MI 48328
Phone Number
(800) 874-8742
NAIC Number
32867
Website
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