Major Rating Factors:
Strong long-term capitalization index (7.1 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (9.3).
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (13.9%), product liab. (12.8%), med mal (3.4%), homeowners (1.9%), other (68.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (86.0%), common stock (11.9%), cash (1.4%), non investment grade bonds (0.7%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
2025 Staples Mill Rd
Richmond, VA 23230
Richmond, VA 23230
Phone Number
(804) 289-1300
NAIC Number
38920
Website
Largest Affiliates
There are no affiliate to display.