Developers Surety & Indem Co
Major Rating Factors:
Good overall profitability index (5.3 on a scale of 0 to 10) despite operating losses during 2021, 2022 and 2023. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
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 (8.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (48.1%), fin guar/surety (15.9%), comm multi (10.4%), personal/comm auto (6.2%), fire (1.2%), product liab. (0.8%), homeowners (0.4%), med mal (0.1%), other (16.9%)
Licensed in:
All states and GU, VI
Principal Investments:
Investment grade bonds (95.3%), common stock (4.1%), cash (0.6%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
903 Northwest 65th Street
Boca Raton, FL 33487
Boca Raton, FL 33487
Phone Number
(216) 328-6100
NAIC Number
12718
Website
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