Major Rating Factors:
Good overall results on stability tests (6.4 on a scale of 0 to 10) despite negative cash flow from operations for 2024. 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), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (7.5) with operating gains in each of the last five years. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NH, also licensed in GU, PR
Principal Investments:
Investment grade bonds (37.3%), cash (6.6%), other (56.1%)
Corporate Info
Group Affiliation
Groupe Covéa - Société de Groupe dAssurance Mutuelle
Investment Rating
--
Company Address
200 First Stamford Place
Stamford, CT 06902
Stamford, CT 06902
Phone Number
(203) 485-4287
NAIC Number
11835
Website
Largest Affiliates