Western Surety Co
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (7.8) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.9) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (93.9%), other (6.1%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (98.2%), common stock (0.8%), non investment grade bonds (0.2%), other (0.8%)
Corporate Info
Group Affiliation
Loews Corporation
Investment Rating
Company Address
101 South Reid Street
Sioux Falls, SD 57103
Sioux Falls, SD 57103
Phone Number
(312) 822-5000
NAIC Number
13188
Website
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