Major Rating Factors:
Fair reserve development (4.2 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good long-term capitalization index (6.2) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. Excellent profitability index (8.2).
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (3.4%), personal/comm auto (3.3%), work comp (3.3%), fin guar/surety (2.6%), comm multi (2.0%), med mal (1.2%), homeowners (0.9%), product liab. (0.8%), farmowners (0.1%), other (82.4%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (67.0%), common stock (14.2%), non investment grade bonds (12.1%), cash (2.4%), preferred stock (0.2%), other (4.1%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
4 Manhattanville Road
Purchase, NY 10577
Purchase, NY 10577
Phone Number
(914) 468-8000
NAIC Number
11551
Website
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