Major Rating Factors:
Weak profitability index (2.4 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been fair, averaging 12.5% over the past five years. Weak overall results on stability tests (0.0) including. The largest net exposure for one risk is excessive at 40.2% of capital. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
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. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (60.3%), personal/comm auto (25.6%), other (14.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (65.2%), cash (7.7%), other (27.2%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
100 William Street
New York, NY 10038
New York, NY 10038
Phone Number
(212) 978-2800
NAIC Number
37079
Website
Largest Affiliates