Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak results on operational trends. Fair profitability index (4.3). Fair expense controls. Return on equity has been fair, averaging 87.5% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (95.3%), cash (0.3%), common stock (0.1%), other (4.3%)
Corporate Info
Group Affiliation
Radian Group Inc
Investment Rating
Company Address
550 East Swedesford Rd Ste 350
Wayne, PA 19087
Wayne, PA 19087
Phone Number
(215) 231-1225
NAIC Number
33790
Website
Largest Affiliates
