Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Good liquidity (6.8) 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 negative cash flow from operations for 2025. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (11.2%), work comp (10.6%), comm multi (3.7%), fin guar/surety (3.4%), other (71.1%)
Licensed in:
(No states)
Principal Investments:
Common stock (45.8%), investment grade bonds (30.9%), cash (0.4%), other (22.8%)
Corporate Info
Group Affiliation
Octave Specialty Group Inc
Investment Rating
Company Address
40 Wall Street
New York, NY 10005
New York, NY 10005
Phone Number
(855) 355-0327
NAIC Number
16882
Website
Largest Affiliates