Rutgers Casualty Ins Co
Major Rating Factors:
A history of deficient reserves (1.9 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 27.9% and 67.5%. Good long-term capitalization index (5.4) based on good current risk adjusted capital (moderate loss scenarios) reflecting improvement over results in 2023. Fair profitability index (2.9) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Fair overall results on stability tests (3.4) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 9.0% of capital. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (68.8%), comm multi (12.0%), personal/comm auto (7.7%), product liab. (0.2%), other (11.3%)
Licensed in:
NH, NJ, NY, PA
Principal Investments:
Investment grade bonds (79.3%), cash (11.1%), common stock (2.6%), non investment grade bonds (1.0%), other (6.0%)
Corporate Info
Group Affiliation
HSI Partnership
Investment Rating
--
Company Address
2250 Chapel Avenue, West
Cherry Hill, NJ 08002
Cherry Hill, NJ 08002
Phone Number
(856) 779-0600
NAIC Number
41378
Website
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