Major Rating Factors:
Fair reserve development (3.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2022 and 2023. Fair overall results on stability tests (4.5) including excessive premium growth and negative cash flow from operations for 2025.
Other Rating Factors:
Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (30.9%), fire (25.4%), personal/comm auto (3.5%), other (40.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (50.9%), cash (48.8%), other (0.3%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
4 Manhattanville Road
Purchase, NY 10577
Purchase, NY 10577
Phone Number
(704) 759-2200
NAIC Number
38997
Website
Largest Affiliates