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), despite some fluctuation in capital levels. Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification. Fair profitability index (4.5) with operating losses during 2023. Return on equity has been fair, averaging 5.1% over the past five years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (90.9%), cash (2.3%), other (6.9%)
Corporate Info
Group Affiliation
Essent Group Ltd
Investment Rating
Company Address
Two Radnor Corporate Center
Radnor, PA 19087
Radnor, PA 19087
Phone Number
(877) 673-8190
NAIC Number
13748
Website
Largest Affiliates