Major Rating Factors:
Weak overall results on stability tests (2.0 on a scale of 0 to 10) including excessive premium growth, weak risk diversification and negative cash flow from operations for 2025. Fair profitability index (3.8) with operating losses during 2019, 2020, 2021 and 2022. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) 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:
Reinsurance (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (79.0%), cash (0.2%), other (20.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
330 North Wabash Avenue
Chicago, IL 60611
Chicago, IL 60611
Phone Number
(312) 464-4930
NAIC Number
32964
Website
Largest Affiliates
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