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 gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.2% over the past five years. Good overall results on stability tests (6.8) 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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (10.5%), personal/comm auto (2.1%), med mal (0.8%), other (86.5%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (94.8%), other (5.2%)
Corporate Info
Group Affiliation
The Hartford Ins Group Inc
Investment Rating
Company Address
One Penn Plaza
New York, NY 10119
New York, NY 10119
Phone Number
(860) 547-5000
NAIC Number
36056
Website
Largest Affiliates