Peleus Ins Co
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 operating losses during 2022. Excellent expense controls. Good overall results on stability tests (6.3) despite excessive premium growth and negative cash flow from operations for 2024. 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), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Product liab. (1.3%), comm multi (0.5%), fire (0.1%), other (98.2%)
Licensed in:
VA
Principal Investments:
Investment grade bonds (74.9%), cash (1.4%), non investment grade bonds (0.5%), other (23.2%)
Corporate Info
Group Affiliation
Argo Re Ltd
Investment Rating
--
Company Address
711 Broadway
San Antonio, TX 78215
San Antonio, TX 78215
Phone Number
(800) 470-7958
NAIC Number
34118
Largest Affiliates