Kookmin Best Ins Co
Rating Date
June 2026
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Fair long-term capitalization index (4.9 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. A history of deficient reserves (1.2) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 19.4% and 68.4% deficient. Weak profitability index (2.3) with operating losses during each of the last five years.
Other Rating Factors:
Weak overall results on stability tests (2.4) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 6.7% of capital. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
--
Licensed in:
AZ, CA, CO, DC, GA, HI, IL, IN, MA, MD, MI, NJ, NY, PA, SC, TX, VA, WA
Principal Investments:
Investment grade bonds (77.5%), cash (3.5%), other (19.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
55 Challenger Road
Ridgefield Park, NJ 07660
Ridgefield Park, NJ 07660
Phone Number
(201) 720-2100
NAIC Number
37800
Website
Largest Affiliates
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