Major Rating Factors:
Fair reserve development (4.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2025 the two year reserve development was 32.1% deficient. Good long-term capitalization index (6.2) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2023. Good overall profitability index (5.1) with small operating losses during 2021.
Other Rating Factors:
Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (26.8%), product liab. (5.9%), comm multi (2.4%), other (64.9%)
Licensed in:
All states and Canada, GU, MP, PR
Principal Investments:
Investment grade bonds (57.8%), common stock (28.0%), cash (0.8%), non investment grade bonds (0.3%), other (13.0%)
Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
155 North Wacker Drive
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(888) 466-7883
NAIC Number
35300
Website
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