Toa ReIns Co America
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2021 and 2022. A history of deficient reserves (2.9) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 18.2% and 30.4% deficient. Good long-term capitalization index (6.8) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.8) despite negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.1% of capital.
Stability Factors:
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (3.0%), med mal (0.5%), other (96.5%)
Licensed in:
AZ, CA, CT, DC, DE, GA, IA, IL, KS, LA, MI, MS, NE, NH, NJ, NV, NY, OH, OK, PA, SD, TX, UT, WA, WI and Canada
Principal Investments:
Investment grade bonds (83.6%), non investment grade bonds (1.5%), cash (0.6%), real estate (0.1%), other (14.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
177 Madison Avenue
Morristown, NJ 07960
Morristown, NJ 07960
Phone Number
(973) 898-9015
NAIC Number
42439
Website
Largest Affiliates
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