TOWER HILL INSURANCE EXCHANGE
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.9) despite weak results on operational trends and lack of operational experience. Weak profitability index (2.9) with operating losses during 2021 and 2022.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (82.0%), fire (3.4%), other (14.6%)
Licensed in:
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Principal Investments:
Investment grade bonds (46.6%), other (53.4%)