QBE ReIns Corp
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%)
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