Major Rating Factors:
Good overall results on stability tests (6.1 on a scale of 0 to 10) despite excessive premium growth. Fair reserve development (3.7) 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 (7.8) with operating gains in each of the last five years. Excellent expense controls. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (16.8%), personal/comm auto (7.4%), fire (3.6%), product liab. (3.3%), comm multi (2.6%), other (66.3%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (76.2%), cash (17.0%), common stock (6.8%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
13146 Ballantyne Corporate Place
Charlotte, NC 28277
Charlotte, NC 28277
Phone Number
(704) 759-2200
NAIC Number
11126
Website
Largest Affiliates