Major Rating Factors:
Fair long-term capitalization index (4.3 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. Good overall profitability index (5.1) despite operating losses during 2022. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.8) despite excessive premium growth and weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.6% of capital. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (13.9%), personal/comm auto (7.8%), fire (6.4%), work comp (1.8%), other (70.2%)
Licensed in:
All states except ME, also licensed in Canada, GU
Principal Investments:
Investment grade bonds (82.4%), common stock (6.2%), cash (1.7%), non investment grade bonds (0.2%), other (9.5%)
Corporate Info
Group Affiliation
SiriusPoint Ltd
Investment Rating
Company Address
One World Trade Center
New York, NY 10007
New York, NY 10007
Phone Number
(212) 312-2500
NAIC Number
38776
Website
Largest Affiliates