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. Weak profitability index (2.6) with operating losses during 2021 and 2022. Return on equity has been low, averaging 1.6% over the past five years. Good overall results on stability tests (6.1) despite excessive premium growth and negative cash flow from operations for 2023. 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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (6.3%), fire (1.4%), comm multi (1.1%), work comp (1.1%), product liab. (0.8%), personal/comm auto (0.3%), other (88.9%)
Licensed in:
All states and GU, MP, PR, VI
Principal Investments:
Investment grade bonds (84.3%), cash (8.7%), non investment grade bonds (0.7%), other (6.3%)
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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