Gray Casualty & Surety Co
Major Rating Factors:
Strong long-term capitalization index (9.5 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.3% of capital. Good overall profitability index (6.1) despite operating losses during 2021. Return on equity has been low, averaging 3.2% over the past five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
All states except ME
Principal Investments:
Investment grade bonds (57.8%), common stock (29.6%), cash (2.7%), other (9.9%)
Corporate Info
Group Affiliation
BCP Surety Group SPV LLC
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