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 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.
Other Rating Factors:
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. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
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