Architects & Engineers Ins Co
Major Rating Factors:
Fair reserve development (3.5 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the two year reserve development was 15.5% and 23.8% deficient respectively. Fair profitability index (3.6) with operating losses during 2022 and 2023. Average return on equity over the last five years has been poor at -4.0%. Weak overall results on stability tests (2.2) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 6.9% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
DE
Principal Investments:
Investment grade bonds (92.7%), other (7.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2056 Westings Avenue
Naperville, IL 60563
Naperville, IL 60563
Phone Number
(800) 437-2342
NAIC Number
44148
Website
Largest Affiliates
No affiliate information available.