Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with modest operating losses during the first six months of 2024. Excellent expense controls. Return on equity has been low, averaging 1.1% over the past five years. Good overall results on stability tests (6.9) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (37.8%), homeowners (31.8%), comm multi (9.9%), personal/comm auto (7.9%), product liab. (1.7%), other (10.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (95.1%), non investment grade bonds (0.2%), other (4.8%)
Corporate Info
Group Affiliation
Chubb Limited
Investment Rating
Company Address
1133 Avenue of the Americas
New York, NY 10036
New York, NY 10036
Phone Number
(215) 640-1000
NAIC Number
12777
Website
Largest Affiliates
