Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (8.8). Excellent overall results on stability tests (9.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Fire (11.7%), personal/comm auto (5.9%), med mal (1.8%), comm multi (1.2%), homeowners (0.4%), farmowners (0.2%), other (78.8%)
Licensed in:
All states and Canada, PR
Principal Investments:
Common stock (39.0%), investment grade bonds (36.8%), non investment grade bonds (3.6%), cash (2.3%), preferred stock (0.8%), other (17.5%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
199 Water Street
New York, NY 10038
New York, NY 10038
Phone Number
(646) 794-0500
NAIC Number
16624
Website
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