SW Marine & General Ins Co
Major Rating Factors:
Fair reserve development (4.3 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.5) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.3% of capital. Good overall profitability index (6.2) despite operating losses during 2022. Return on equity has been low, averaging 2.9% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) 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:
Fin guar/surety (12.5%), fire (9.4%), personal/comm auto (5.8%), comm multi (2.3%), work comp (0.9%), other (69.1%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (95.8%), cash (1.0%), other (3.2%)
Corporate Info
Group Affiliation
TowerBrook Capital Partners LP
Investment Rating
--
Company Address
412 Mount Kemble Avenue
Morristown, NJ 07960
Morristown, NJ 07960
Phone Number
(800) 774-2755
NAIC Number
12294
Website
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