Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 2.5% over the past five years. Good overall results on stability tests (5.3) despite. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital. Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (63.3%), fire (13.3%), work comp (13.0%), other (10.4%)
Licensed in:
AZ
Principal Investments:
Investment grade bonds (42.1%), common stock (2.4%), cash (2.2%), preferred stock (0.7%), non investment grade bonds (0.6%), other (51.9%)
Corporate Info
Group Affiliation
Rothschild International Corporation
Investment Rating
--
Company Address
2999 North 44th Street
Phoenix, AZ 85018
Phoenix, AZ 85018
Phone Number
(206) 763-1135
NAIC Number
43915
Website
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