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 profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 4.4% over the past five years. Good overall results on stability tests (5.4) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Evergreen Parent Gp LLC, good operational trends and excellent risk diversification.
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (8.3%), fin guar/surety (4.5%), comm multi (4.1%), other (83.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (94.9%), cash (5.0%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
233 North Michigan Avenue
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 715-3010
NAIC Number
10859
Website
Largest Affiliates