Major Rating Factors:
History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.2) despite operating losses during 2021. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019. Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (28.1%), personal/comm auto (24.2%), fin guar/surety (5.2%), fire (4.9%), comm multi (2.8%), product liab. (0.5%), work comp (0.3%), farmowners (0.1%), other (33.9%)
Licensed in:
All states except AL, FL, GA, LA, MA, MS, ND, NH, NJ, NY, OK, PA, RI, SC, TX, VA, VT, WV
Principal Investments:
Investment grade bonds (49.8%), common stock (37.6%), non investment grade bonds (7.0%), cash (4.7%), preferred stock (0.9%)
Corporate Info
Group Affiliation
Goose Creek Capital Inc
Investment Rating
--
Company Address
4200 Six Forks Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(919) 833-1600
NAIC Number
13234
Website
Largest Affiliates