Major Rating Factors:
History of adequate reserve strength (5.5 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.4) despite excessive premium growth and fair risk adjusted capital in prior years. Fair profitability index (4.6) with operating losses during 2024.
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. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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
Principal Investments:
Investment grade bonds (86.2%), cash (7.9%), 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