Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with small operating losses during 2022. Excellent expense controls. Good overall results on stability tests (6.1) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. 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.
Principal Lines of Business:
Comm multi (53.3%), work comp (39.3%), fire (0.9%), personal/comm auto (0.2%), other (6.3%)
Licensed in:
All states except CA, FL
Principal Investments:
Investment grade bonds (94.1%), other (5.9%)
Ratios
Premium to Surplus
--
Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
11201 Douglas Avenue
Urbandale, IA 50322
Urbandale, IA 50322
Phone Number
(201) 518-2500
NAIC Number
33480
Largest Affiliates