PURE Specialty Exchange
Major Rating Factors:
Weak overall results on stability tests (1.8 on a scale of 0 to 10) including lack of operational experience. The largest net exposure for one risk is excessive at 16.1% of capital. Fair profitability index (4.7) with operating losses during 2022, 2023 and the first six months of 2025. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.0) 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). Moreover, capital levels have been consistent in recent years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (74.9%), personal/comm auto (16.4%), other (8.7%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (74.1%), common stock (6.2%), non investment grade bonds (4.3%), cash (0.4%), preferred stock (0.1%), other (14.9%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
44 South Broadway
White Plains, NY 10601
White Plains, NY 10601
Phone Number
(917) 719-7662
NAIC Number
17148
Largest Affiliates