Westchester Fire Ins Co (PA)

Philadelphia, PA

Rating Date

April 2025

NAIC
Classification

Property & Casualty

Risk Adjusted
Capital Ratio #1

5.80

Risk Adjusted
Capital Ratio #2

5.20

Loss
Ratio

Total
Assets

261.11M

Capital

57.41M

Net
Premiums

0.00

Net
Income

2.34M

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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. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.

Other Rating Factors: 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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.

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%)

Ratios

Premium to Surplus

Reserve to Surplus

1-Year Reserve Development

0.00%

2-Year Reserve Development

0.00%

Expense Ratio

Combined Ratio

Cash From Underwriting