Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite excessive premium growth. Strengths include potentially strong support from affiliation with Genworth Financial Inc. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. 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 (8.5). Excellent expense controls. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (5.3%), other (94.7%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (28.4%), cash (26.4%), other (45.2%)
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