Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.8) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification. 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.
Other Rating Factors:
Excellent profitability index (9.9). Excellent expense controls. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (31.9%), comm multi (19.4%), personal/comm auto (0.4%), other (48.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (70.9%), non investment grade bonds (1.0%), other (28.1%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
555 College Road, East
Princeton, NJ 08540
Princeton, NJ 08540
Phone Number
(609) 243-4200
NAIC Number
10786
Largest Affiliates