Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (3.9) with operating losses during 2024 and the first six months of 2025. Return on equity has been low, averaging 3.4% over the past five years. Fair overall results on stability tests (4.2) including excessive premium growth, weak results on operational trends and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except RI
Principal Investments:
Investment grade bonds (83.3%), cash (10.8%), other (5.9%)
Corporate Info
Group Affiliation
HDI Haftpflichtverband der Deutschen Industrie VaG
Investment Rating
--
Company Address
161 North Clark Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 580-1900
NAIC Number
14265
Website
Largest Affiliates