Atlantic Bonding Co
Major Rating Factors:
Weak overall results on stability tests (1.0 on a scale of 0 to 10) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 20.0% of capital. Fair profitability index (4.0) with operating losses during 2020, 2021, 2023, 2024 and the first three months of 2025. Return on equity has been low, averaging 2.0% over the past five years. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.1) that helps to protect the company against sharp claims increases. 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
MD
Principal Investments:
Common stock (88.9%), cash (3.9%), investment grade bonds (1.0%), other (6.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
Six Reservoir Circle
Pikesville, MD 21208
Pikesville, MD 21208
Phone Number
(410) 484-3100
NAIC Number
41114
Website
--
Largest Affiliates
No affiliate information available.