Hornbeam Ins Co
Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.0) including weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. Weak profitability index (2.8) with operating losses during 2020, 2021, 2022, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -19.9%.
Other Rating Factors:
Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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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