Major Rating Factors:
Fair overall results on stability tests (3.7 on a scale of 0 to 10) including weak results on operational trends, negative cash flow from operations for 2025 and excessive premium growth. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (9.1). Excellent expense controls. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (20.9%), homeowners (11.2%), personal/comm auto (2.7%), fire (1.3%), comm multi (0.1%), other (63.8%)
Licensed in:
All states except CA, FL, HI, ID, ME, MN, SD, VA, WA
Principal Investments:
Investment grade bonds (59.9%), other (40.1%)
Corporate Info
Group Affiliation
MS&AD Ins Group Holdings Inc
Investment Rating
--
Company Address
15 Independence Boulevard
Warren, NJ 07059
Warren, NJ 07059
Phone Number
(609) 250-7841
NAIC Number
38873
Largest Affiliates