ZENITH INS CO
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including potential drain of affiliation with Fairfax Financial and weak results on operational trends. Good long-term capitalization index (6.5) based on good current risk adjusted capital (moderate loss scenario), despite some fluctuation in capital levels.
Other Rating Factors:
Good overall profitability index (6.7) despite operating losses during 2020. Return on equity has been fair, averaging 9.0% over the past five years. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (9.5) that helps to protect the company against sharp claims increases.
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:
Work comp (80.2%), personal/comm auto (7.0%), comm multi (6.7%), fire (2.3%), other (3.8%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (52.6%), common stock (29.8%), cash (1.5%), real estate (1.2%), non investment grade bonds (1.0%), preferred stock (0.9%), other (13.1%)
Corporate Info
Group Affiliation
Fairfax Financial
Investment Rating
--
Company Address
21255 CALIFA STREET
WOODLAND HILLS, CA 91367
WOODLAND HILLS, CA 91367
Phone Number
(818) 713-1000
NAIC Number
13269
Website
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