QBE Specialty Ins Co
Major Rating Factors:
Good long-term capitalization index (6.3 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair profitability index (3.9) with operating losses during 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -2.9%. Fair liquidity (4.8) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (10.9%), work comp (3.0%), fire (2.1%), comm multi (1.0%), personal/comm auto (0.2%), other (82.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (80.8%), non investment grade bonds (10.5%), cash (8.6%), other (0.1%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
One QBE Way
Sun Prairie, WI 53596
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
11515
Website
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