Major Rating Factors:
Fair overall results on stability tests (3.3 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 9.2% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.2). Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fin guar/surety (100.4%)
Licensed in:
All states except AK, AR, DE, HI, KS, OK, OR
Principal Investments:
Investment grade bonds (75.5%), cash (2.8%), other (21.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
200 Park Avenue
Beachwood, OH 44122
Beachwood, OH 44122
Phone Number
(440) 995-1420
NAIC Number
39551
Website
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