Major Rating Factors:
Good overall results on stability tests (6.2 on a scale of 0 to 10) despite excessive premium growth and negative cash flow from operations for 2025. Other stability subfactors include potentially strong support from affiliation with AXA SA, good operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair reserve development (3.5) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2023 and 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. 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:
Fire (5.9%), product liab. (2.1%), personal/comm auto (2.1%), comm multi (0.3%), other (89.6%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (91.5%), other (8.5%)
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
677 Washington Blvd
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 964-5200
NAIC Number
36940
Website
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