Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.5) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2022 and 2024. Average return on equity over the last five years has been poor at -0.7%.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.0) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (51.8%), work comp (20.5%), personal/comm auto (15.1%), fire (2.1%), product liab. (0.5%), other (10.0%)
Licensed in:
DC, DE, GA, IN, KY, MD, NC, NJ, PA, SC, TN, VA, WV
Principal Investments:
Investment grade bonds (49.8%), common stock (41.1%), cash (4.8%), real estate (1.2%), preferred stock (0.5%), non investment grade bonds (0.2%), other (2.3%)
Corporate Info
Group Affiliation
Harford Mutual Ins Group Inc
Investment Rating
--
Company Address
200 North Main Street
Bel Air, MD 21014
Bel Air, MD 21014
Phone Number
(410) 838-4000
NAIC Number
14141
Website
Largest Affiliates