Hornbeam Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.7 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Weak profitability index (2.8) with operating losses during 2020, 2021, 2022 and 2024. Average return on equity over the last five years has been poor at -19.9%.
Other Rating Factors:
Weak overall results on stability tests (2.4) including weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except CA, CO, CT, ID, IL, MA, ME, MN, MO, NH, NY, PA, VA, VT, WA, WI
Principal Investments:
Investment grade bonds (33.2%), cash (29.2%), other (37.6%)
Corporate Info
Group Affiliation
Hardscuffle Inc
Investment Rating
--
Company Address
471 West Main Street
Louisville, KY 40202
Louisville, KY 40202
Phone Number
(502) 417-8260
NAIC Number
11245
Website
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