QBE ReIns Corp
Major Rating Factors:
Good liquidity (6.7 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2019 and 2020. Average return on equity over the last five years has been poor at -0.5%.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Comm multi (5.7%), work comp (4.5%), personal/comm auto (2.6%), homeowners (1.2%), fire (0.4%), other (85.5%)
Licensed in:
All states except AK, AL, CO, CT, KY, MA, MD, ME, MO, MT, NC, ND, NM, RI, SC, SD, TN, VT, WY, also licensed in PR
Principal Investments:
Common stock (72.2%), investment grade bonds (12.8%), preferred stock (5.3%), other (9.7%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
One QBE Way
Sun Prairie, WI 53596
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
10219
Website
Largest Affiliates