QBE Specialty Ins Co
Major Rating Factors:
Good overall results on stability tests (5.4 on a scale of 0 to 10) despite negative cash flow from operations for 2024. Stability strengths include good historical capital adequacy and excellent risk diversification. Fair profitability index (4.8) with operating losses during 2020 and 2021. Average return on equity over the last five years has been poor at -0.5%. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (8.7%), med mal (1.4%), work comp (1.1%), fire (0.8%), other (88.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (86.8%), non investment grade bonds (11.3%), other (1.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
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Company Address
One QBE Way
Sun Prairie, WI 53596
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
11515
Website
Largest Affiliates