Star Ins Co
Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9) with operating losses during 2022. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital.
Stability Factors:
Principal Lines of Business:
Comm multi (27.7%), work comp (15.3%), personal/comm auto (11.9%), fire (11.5%), other (33.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (82.0%), common stock (6.2%), non investment grade bonds (5.4%), cash (4.2%), other (2.1%)
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
--
Company Address
26255 American Drive
Southfield, MI 48034
Southfield, MI 48034
Phone Number
(248) 358-1100
NAIC Number
18023
Website
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