Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2025. Fair reserve development (3.5) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (4.9) including excessive premium growth and negative cash flow from operations for 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (9.4%), med mal (3.0%), comm multi (0.4%), other (87.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (68.4%), cash (31.6%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
Four Manhattanville Road
Purchase, NY 10577
Purchase, NY 10577
Phone Number
(914) 468-8000
NAIC Number
41718
Website
Largest Affiliates