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 profitability index (6.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 3.1% over the past five years. Good overall results on stability tests (5.5) despite excessive premium growth and negative cash flow from operations for 2024.
Other Rating Factors:
Vulnerable liquidity (2.7) as a spike in claims may stretch capacity. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (8.2%), product liab. (3.2%), personal/comm auto (0.7%), fire (0.6%), fin guar/surety (0.2%), other (87.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (74.1%), cash (14.2%), other (11.6%)
Corporate Info
Group Affiliation
Everest Group Ltd
Investment Rating
Company Address
100 Everest Way
Warren, NJ 07059
Warren, NJ 07059
Phone Number
(908) 604-3000
NAIC Number
10851
Website
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