Securian Specialty Lines Inc
Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including weak results on operational trends, excessive premium growth and lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8).
Other Rating Factors:
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
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:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (73.0%), cash (25.4%), other (1.6%)
Corporate Info
Group Affiliation
Minnesota Mutual Companies Inc
Investment Rating
--
Company Address
400 Robert Street North
Saint Paul, MN 55101
Saint Paul, MN 55101
Phone Number
(651) 665-3500
NAIC Number
17631
Website
Largest Affiliates