B
QBE Specialty Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2020 and 2021. Good overall results on stability tests (5.4) despite negative cash flow from operations for 2024. Stability strengths include good historical capital adequacy and excellent risk diversification. Strong long-term capitalization index (7.1) 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. Vulnerable liquidity (2.4) as a spike in claims may stretch capacity.
Stability Factors: F - Negative cash flow. L - Past results on our liquidity tests. 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
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
One QBE Way
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
11515
Largest Affiliates
B
Sun Prairie, WI - P&C
C
Sun Prairie, WI - P&C
C
Ramsey, MN - P&C
B
Sun Prairie, WI - P&C
B
Sun Prairie, WI - P&C