Major Rating Factors:
Strong long-term capitalization index (9.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.8) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 28.3%.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (32.4%), homeowners (2.4%), other (65.3%)
Licensed in:
All states except AK, CT, MA, ME, NY, PA, TX, WY
Principal Investments:
Investment grade bonds (77.4%), non investment grade bonds (3.6%), preferred stock (2.1%), other (16.9%)
Corporate Info
Group Affiliation
Assurant Inc
Investment Rating
Company Address
260 Interstate North Circle, SE
Atlanta, GA 30339
Atlanta, GA 30339
Phone Number
(770) 763-1000
NAIC Number
42986
Website
Largest Affiliates