Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 26.0% deficient. Good long-term capitalization index (5.9) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good overall profitability index (5.5) despite operating losses during 2023. Return on equity has been low, averaging 4.2% over the past five years.
Other Rating Factors:
Superior liquidity (9.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (6.6%), personal/comm auto (1.5%), fire (1.3%), other (90.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (85.3%), non investment grade bonds (5.8%), common stock (1.9%), cash (1.5%), other (5.5%)
Corporate Info
Group Affiliation
Hiscox Ltd
Investment Rating
--
Company Address
30 N. LaSalle Street
Chicago, IL 60602
Chicago, IL 60602
Phone Number
(312) 380-5555
NAIC Number
10200
Website
Largest Affiliates