Major Rating Factors:
Good overall results on stability tests (5.1 on a scale of 0 to 10) despite. 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) despite modest operating losses during the first six months of 2025. Excellent expense controls. Excellent liquidity (7.2) 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