Major Rating Factors:
Good long-term capitalization index (6.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. Good overall results on stability tests (6.1) despite. Stability strengths include good historical capital adequacy and excellent risk diversification. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (9.1) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 18.9%. Excellent liquidity (8.9) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (15.4%), product liab. (13.4%), med mal (3.2%), homeowners (1.5%), other (66.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (88.5%), common stock (9.0%), cash (1.1%), non investment grade bonds (0.9%), other (0.4%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
2035 Maywill Street
Richmond, VA 23230
Richmond, VA 23230
Phone Number
(804) 289-1300
NAIC Number
38920
Website
Largest Affiliates
No affiliate information available.