B
ALLIED WORLD SPECIALTY INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good profitability index (5.0) despite operating losses during 2018 and 2020. Average return on equity over the last five years has been poor at -1.4%.
Other Rating Factors: Fair overall results on stability tests (4.8) including weak results on operational trends. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Fire (10.7%), personal/comm auto (9.7%), comm multi (4.2%), med mal (0.3%), other (75.2%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (55.7%), common stock (30.2%), non investment grade bonds (2.1%), cash (1.8%), other (10.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Allied World Asr Holding Group
Investment Rating
--
Company Address
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
Phone Number
(646) 794-0751
NAIC Number
16624
Largest Affiliates
C
STAMFORD, CT - P&C
C
WILMINGTON, DE - P&C
C
CONCORD, NH - P&C
C
WILMINGTON, DE - P&C
C
WOODLAND HILLS, CA - P&C
Weiss Ratings