Westchester Fire Ins Co (PA)
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating losses during 2021 and 2022. Return on equity has been low, averaging 1.4% over the past five years. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.4) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
Principal Lines of Business:
Fin guar/surety (4.5%), comm multi (4.5%), fire (2.4%), work comp (0.8%), product liab. (0.7%), personal/comm auto (0.3%), other (86.9%)
Licensed in:
All states and GU, MP, PR, VI
Principal Investments:
Investment grade bonds (83.7%), cash (7.9%), non investment grade bonds (0.2%), other (8.2%)
Corporate Info
Group Affiliation
Chubb Limited
Investment Rating
Company Address
436 Walnut Street
Philadelphia, PA 19106
Philadelphia, PA 19106
Phone Number
(215) 640-1000
NAIC Number
10030
Website
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