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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.0) despite. The largest net exposure for one risk is acceptable at 2.0% 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.
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 (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
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