Samsung Fire & Marine Ins Co
Major Rating Factors:
Good overall results on stability tests (6.9 on a scale of 0 to 10) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.1% of capital. Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (8.7). Excellent expense controls. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Comm multi (24.3%), personal/comm auto (4.0%), product liab. (2.9%), work comp (2.5%), fire (0.6%), other (65.7%)
Licensed in:
All states except ND, WY, also licensed in VI
Principal Investments:
Investment grade bonds (78.4%), cash (21.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
105 Challenger Road
Ridgefield Park, NJ 07660
Ridgefield Park, NJ 07660
Phone Number
(201) 807-6720
NAIC Number
38300
Website
Largest Affiliates
No affiliate information available.