Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite excessive premium growth and negative cash flow from operations for 2025. Other stability subfactors include potentially strong support from affiliation with Genworth Financial Inc, good operational trends and excellent risk diversification. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims. Fair profitability index (4.6) with operating losses during 2025.
Other Rating Factors:
Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (23.9%), other (76.1%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (91.1%), cash (0.5%), other (8.4%)
Corporate Info
Group Affiliation
Genworth Financial Inc
Investment Rating
Company Address
8325 Six Forks Road
Raleigh, NC 27615
Raleigh, NC 27615
Phone Number
(919) 846-4100
NAIC Number
11049
Website
Largest Affiliates