Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (8.9) with operating gains in each of the last five years. Excellent overall results on stability tests (8.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (4.5%), personal/comm auto (2.3%), comm multi (1.6%), med mal (0.6%), homeowners (0.2%), farmowners (0.1%), other (90.7%)
Licensed in:
All states except CA, DE, NY
Principal Investments:
Investment grade bonds (68.2%), common stock (10.5%), cash (6.6%), non investment grade bonds (1.5%), preferred stock (1.2%), other (11.9%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
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Company Address
199 Water Street
New York, NY 10038
New York, NY 10038
Phone Number
(646) 794-0500
NAIC Number
10690
Website
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Largest Affiliates