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. Average return on equity over the last five years has been poor at -0.2%. Good overall results on stability tests (5.8) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (9.1) 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:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Work comp (76.5%), fire (7.5%), personal/comm auto (3.6%), other (12.4%)
Licensed in:
All states
Principal Investments:
Cash (81.6%), investment grade bonds (18.3%), other (0.1%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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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