Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including weak results on operational trends. 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. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (9.0) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (8.9) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
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 (17.7%), homeowners (7.6%), personal/comm auto (1.2%), fire (0.9%), comm multi (0.1%), other (72.5%)
Licensed in:
All states except CA, FL, HI, ID, IL, MA, ME, MN, SD, VA, WA
Principal Investments:
Investment grade bonds (43.4%), cash (1.5%), other (55.2%)
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