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. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.6) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital.
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 (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
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
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