Chubb Indemnity Ins Co
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with modest operating losses during the first nine 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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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
436 Walnut Street
Philadelphia, PA 19106
Philadelphia, PA 19106
Phone Number
(215) 640-1000
NAIC Number
12777
Website
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