Major Rating Factors:
Fair profitability index (4.2 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.5) despite lack of operational experience and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
E - Lack of operating experience.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (8.4%), fire (1.8%), other (89.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (78.6%), cash (1.1%), other (20.3%)
Corporate Info
Group Affiliation
SiriusPoint Ltd
Investment Rating
Company Address
One World Trade Center
New York, NY 10007
New York, NY 10007
Phone Number
(212) 312-2500
NAIC Number
16820
Website
Largest Affiliates