Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including fair financial strength of affiliated Zurich Financial Services Group and negative cash flow from operations for 2023. Fair current capitalization (4.0) based on mixed results -- excessive policy leverage mitigated by excellent risk adjusted capital (severe loss scenario) reflecting improvement over results in 2022. Good quality investment portfolio (5.1).
Other Rating Factors:
Weak profitability (2.0) with operating losses during the first nine months of 2024. Excellent Liquidity (8.1).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except NY, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
Zurich Financial Services Group
Investment Rating
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Company Address
3003 77TH AVENUE SOUTHEAST
BELLEVUE, WA 98005
BELLEVUE, WA 98005
Phone Number
(800) 238-9671
NAIC Number
63177
Website
Largest Affiliates