Diamond State Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including weak results on operational trends. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Good overall profitability index (6.0) despite operating losses during 2022.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (47.8%), product liab. (4.2%), fire (0.4%), personal/comm auto (0.1%), other (47.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (90.3%), cash (6.5%), preferred stock (1.3%), common stock (1.3%), non investment grade bonds (0.5%)
Corporate Info
Group Affiliation
Global Indemnity Group LLC
Investment Rating
Company Address
Three Bala Plaza, East
Bala Cynwyd, PA 19004
Bala Cynwyd, PA 19004
Phone Number
(610) 664-1500
NAIC Number
42048
Website
Largest Affiliates