First Indemnity of Am Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including. The largest net exposure for one risk is acceptable at 2.9% of capital. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.6) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 15.8%. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (55.6%), common stock (13.0%), preferred stock (6.2%), non investment grade bonds (3.8%), real estate (3.5%), cash (0.5%), other (17.4%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
2740 State Route 10 West
Morris Plains, NJ 07950
Morris Plains, NJ 07950
Phone Number
(973) 402-1200
NAIC Number
38326
Website
Largest Affiliates
No affiliate information available.