Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.6% over the past five years. Good overall results on stability tests (5.7) despite excessive premium growth and negative cash flow from operations for 2024. Fair reserve development (3.7) as reserves have generally been sufficient to cover claims.
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (18.8%), personal/comm auto (8.9%), fire (3.4%), product liab. (3.2%), comm multi (2.6%), other (63.1%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (75.5%), cash (17.7%), common stock (6.6%), other (0.3%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
4 Manhattanville Road
Purchase, NY 10577
Purchase, NY 10577
Phone Number
(914) 468-8000
NAIC Number
11126
Website
Largest Affiliates