Gray Casualty & Surety Co
Major Rating Factors:
Strong long-term capitalization index (9.1 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent profitability index (7.2) despite operating losses during 2021.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.2) despite excessive premium growth. The largest net exposure for one risk is conservative at 1.9% of capital.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (53.6%), common stock (2.2%), cash (1.5%), other (42.7%)
Corporate Info
Group Affiliation
Palomar Holdings Inc
Investment Rating
Company Address
1625 West Causeway Approach
Mandeville, LA 70471
Mandeville, LA 70471
Phone Number
(504) 754-6711
NAIC Number
10671
Website
Largest Affiliates