Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2024. Average return on equity over the last five years has been poor at -1.8%. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.4) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.9% of capital. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
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