Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.2) despite operating losses during 2021 and 2022. Excellent expense controls. Return on equity has been low, averaging 2.0% over the past five years. Good overall results on stability tests (6.4) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (81.6%), cash (18.4%)
Corporate Info
Group Affiliation
Starr International Co Inc
Investment Rating
--
Company Address
399 Park Avenue
New York, NY 10022
New York, NY 10022
Phone Number
(646) 227-6400
NAIC Number
16109
Website
Largest Affiliates