B
QBE ReIns Corp
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
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Major Rating Factors: Good overall results on stability tests (5.7 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Affiliation with QBE Ins Group Limited is a strength. Fair profitability index (4.1) with operating losses during 2020. Average return on equity over the last five years has been poor at -0.1%. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors: Ample reserve history (7.0) that can protect against increases in claims costs. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors: A - Financial problems or weaknesses of a parent or affiliate company. 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: Comm multi (3.5%), personal/comm auto (3.1%), homeowners (1.4%), work comp (0.7%), other (91.4%)
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 (74.2%), investment grade bonds (11.9%), preferred stock (6.5%), cash (0.4%), other (6.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Combined Ratio
Cash From Underwriting
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Investments in Affiliates
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
One QBE Way
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
10219
Largest Affiliates
B
Sun Prairie, WI - P&C
C
Sun Prairie, WI - P&C
C
Ramsey, MN - P&C
B
Sun Prairie, WI - P&C
B
Sun Prairie, WI - P&C