Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.8) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Poor long-term capitalization index (1.1) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Excellent profitability index (7.6) despite modest operating losses during the first three months of 2025. Excellent expense controls. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (2.6%), med mal (1.4%), fin guar/surety (1.0%), other (95.0%)
Licensed in:
All states except ME, also licensed in VI
Principal Investments:
Investment grade bonds (48.8%), common stock (33.3%), cash (14.2%), non investment grade bonds (3.6%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
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Company Address
Four Manhattanville Road
Purchase, NY 10577
Purchase, NY 10577
Phone Number
(914) 468-8000
NAIC Number
10641
Website
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Largest Affiliates