Concert Spclty Ins Co
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 (3.5) including excessive premium growth, weak results on operational trends, negative cash flow from operations for 2024 and lack of operational experience. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent profitability index (8.4) with small operating losses during 2021 and 2022. Excellent expense controls. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (24.3%), comm multi (24.2%), other (51.5%)
Licensed in:
MT
Principal Investments:
Cash (40.5%), common stock (29.8%), investment grade bonds (22.6%), non investment grade bonds (3.8%), preferred stock (1.3%), other (2.0%)
Corporate Info
Group Affiliation
Concert Group Holdings Inc
Investment Rating
--
Company Address
1701 Golf Road
Rolling Meadows, IL 60008
Rolling Meadows, IL 60008
Phone Number
(847) 307-6300
NAIC Number
17151
Website
Largest Affiliates