Major Rating Factors:
A history of deficient reserves (1.9 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 26.7% and 48.8% deficient. Good long-term capitalization index (6.2) based on fair current risk adjusted capital (moderate loss scenarios). Good overall profitability index (6.4) despite operating losses during 2020.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Product liab. (9.9%), personal/comm auto (4.7%), med mal (1.3%), fire (0.9%), work comp (0.3%), other (82.9%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (66.7%), cash (12.3%), non investment grade bonds (9.7%), common stock (3.7%), preferred stock (2.5%), other (5.1%)
Corporate Info
Group Affiliation
James River Group Holdings Ltd
Investment Rating
Company Address
6641 West Broad Street
Richmond, VA 23230
Richmond, VA 23230
Phone Number
(804) 289-2700
NAIC Number
12203
Largest Affiliates