Penn-Star Ins Co
Major Rating Factors:
Fair overall results on stability tests (4.0 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is conservative at 1.3% of capital. Good overall profitability index (6.6) despite operating losses during 2022. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (51.8%), product liab. (6.9%), fire (0.7%), homeowners (0.5%), other (40.1%)
Licensed in:
GA, MD, OK, PA, SC, TX, WY
Principal Investments:
Investment grade bonds (98.1%), preferred stock (0.9%), cash (0.8%), non investment grade bonds (0.2%)
Corporate Info
Group Affiliation
Global Indemnity Group LLC
Investment Rating
Company Address
Three Bala Plaza, East
Bala Cynwyd, PA 19004
Bala Cynwyd, PA 19004
Phone Number
(610) 664-1500
NAIC Number
10673
Website
Largest Affiliates