B
CINCINNATI SPECIALTY UNDERWRITER
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (6.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Fair overall results on stability tests (4.7) including weak results on operational trends. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability (7.0) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.7%.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (12.4%), product liab. (10.2%), fire (3.7%), med mal (0.2%), other (73.5%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (69.4%), common stock (16.9%), cash (10.8%), non investment grade bonds (2.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Cincinnati Financial Corp
Investment Rating
Company Address
Brandywine Village 1807 North
WILMINGTON, DE 19802
Phone Number
(513) 870-2000
NAIC Number
13037
Largest Affiliates
B
FAIRFIELD, OH - P&C
B
FAIRFIELD, OH - L&A
B
FAIRFIELD, OH - P&C
A
FAIRFIELD, OH - P&C
Weiss Ratings