National Fire & Casualty Co
Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2020, 2023 and 2024. Return on equity has been low, averaging 0.3% over the past five years. Weak overall results on stability tests (2.5) including weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is acceptable at 2.5% of capital. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.9) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (36.4%), fire (8.8%), other (54.8%)
Licensed in:
IL, IN, WI
Principal Investments:
Common stock (39.0%), investment grade bonds (29.5%), non investment grade bonds (10.1%), preferred stock (8.1%), cash (4.5%), other (8.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2801 East Empire Street
Bloomington, IL 61704
Bloomington, IL 61704
Phone Number
(309) 663-1393
NAIC Number
41068
Website
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Largest Affiliates
No affiliate information available.