Heritage Indemnity Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with small operating losses during 2021. Good overall results on stability tests (5.9) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Evergreen Parent Gp LLC, good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Other (100%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (98.2%), cash (1.8%)
Ratios
Premium to Surplus
--
Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
400 Executive Boulevard
Southington, CT 06489
Southington, CT 06489
Phone Number
(860) 571-2105
NAIC Number
39527
Website
Largest Affiliates