Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.3) including excessive premium growth. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.9) with operating gains in each of the last five years. Excellent expense controls. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (56.3%), personal/comm auto (23.8%), work comp (13.8%), fire (0.8%), product liab. (0.3%), other (5.0%)
Licensed in:
DC, DE, GA, IN, KY, MD, NC, NJ, PA, SC, TN, VA, WV
Principal Investments:
Investment grade bonds (89.9%), other (10.1%)
Corporate Info
Group Affiliation
Harford Mutual Ins Group Inc
Investment Rating
--
Company Address
200 North Main Street
Bel Air, MD 21014
Bel Air, MD 21014
Phone Number
(410) 838-4000
NAIC Number
16862
Website
Largest Affiliates