Major Rating Factors:
Good overall results on stability tests (5.2 on a scale of 0 to 10) despite excessive premium growth and negative cash flow from operations for 2024. Other stability subfactors include potentially strong support from affiliation with The Travelers Companies Inc, good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. 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.
Other Rating Factors:
Excellent profitability index (9.1) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 17.7%. Superior liquidity (9.2) 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.
G - Fast asset or premium growth.
Principal Lines of Business:
Fire (19.2%), comm multi (5.6%), other (75.2%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (98.2%), cash (1.8%)
Corporate Info
Group Affiliation
The Travelers Companies Inc
Investment Rating
Company Address
One Tower Square
Hartford, CT 06183
Hartford, CT 06183
Phone Number
(860) 277-0111
NAIC Number
41262
Website
Largest Affiliates