Next Ins US Co
Major Rating Factors:
Fair profitability index (3.0 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2024. Average return on equity over the last five years has been poor at -7.2%. Good long-term capitalization index (5.9) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Comm multi (4.0%), fire (3.0%), other (92.9%)
Licensed in:
All states except AK, IA, ID, ME, NJ, NY, SD, VT, WA
Principal Investments:
Investment grade bonds (81.9%), cash (0.1%), other (17.9%)
Corporate Info
Group Affiliation
Next Ins Inc
Investment Rating
--
Company Address
C/O Corporation Service Company
Wilmington, DE 19808
Wilmington, DE 19808
Phone Number
(302) 310-1683
NAIC Number
16285
Website
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