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 (3.7) with operating losses during 2023. Fair overall results on stability tests (4.6) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024.
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 (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (17.6%), comm multi (13.7%), work comp (5.5%), homeowners (4.7%), fire (3.2%), product liab. (2.8%), fin guar/surety (1.1%), other (51.5%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (84.1%), other (15.9%)
Corporate Info
Group Affiliation
Everest Group Ltd
Investment Rating
Company Address
Warren Corporate Center
Warren, NJ 07059
Warren, NJ 07059
Phone Number
(908) 604-3000
NAIC Number
10120
Website
Largest Affiliates