Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2024. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.3) despite excessive premium growth and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 3.0% of capital. Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021.
Stability Factors:
Principal Lines of Business:
Homeowners (17.0%), comm multi (12.1%), fire (8.8%), personal/comm auto (7.6%), med mal (1.4%), fin guar/surety (1.1%), work comp (0.7%), product liab. (0.2%), other (51.1%)
Licensed in:
All states and Canada, GU, PR
Principal Investments:
Investment grade bonds (83.6%), non investment grade bonds (3.2%), common stock (0.3%), real estate (0.3%), cash (0.1%), other (12.5%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
555 College Road East
Princeton, NJ 08543
Princeton, NJ 08543
Phone Number
(609) 243-4200
NAIC Number
10227
Largest Affiliates