E
UNITED SURETY & INDEMNITY CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
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Premiums
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Major Rating Factors: Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 186.0% of capital. Good overall profitability index (6.0). Weak expense controls. Return on equity has been excellent over the last five years averaging 15.1%.
Other Rating Factors: Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.9) that can protect against increases in claims costs.
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: Fin guar/surety (30.2%), comm multi (26.0%), homeowners (12.5%), fire (0.9%), other (30.4%)
Licensed in: No States
Principal Investments: Investment grade bonds (62.5%), common stock (16.8%), cash (16.7%), non investment grade bonds (1.2%), real estate (0.4%), other (2.5%)
Ratios
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Investments in Affiliates
Corporate Info
Group Affiliation
MRM Group Inc
Investment Rating
--
Company Address
Urb Caparra Hls Ind Park B-7 T
Guaynabo, PR 00968
Phone Number
(787) 625-1105
NAIC Number
44423
Largest Affiliates
U
Guaynabo, PR - L&A
Weiss Ratings