Scottsdale Surplus Lines Ins
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.2% over the past five years. Good overall results on stability tests (5.7) despite excessive premium growth and negative cash flow from operations for 2023. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (13.9%), comm multi (12.4%), product liab. (2.1%), homeowners (1.5%), fire (0.9%), farmowners (0.2%), other (68.9%)
Licensed in:
AZ
Principal Investments:
Investment grade bonds (96.8%), cash (0.3%), other (2.9%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
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Company Address
18700 North Hayden Road
Scottsdale, AZ 85255
Scottsdale, AZ 85255
Phone Number
(480) 365-4000
NAIC Number
10672
Website
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