Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.2) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. 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). Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Fire (20.1%), product liab. (14.1%), other (65.8%)
Licensed in:
NJ
Principal Investments:
Investment grade bonds (90.6%), cash (0.8%), other (8.5%)
Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
225 West Washington Street
Chicago, IL 60606
Chicago, IL 60606
Phone Number
46 8 58 72 06 00
NAIC Number
11380
Website
Largest Affiliates