PHILADELPHIA INDEMNITY INS CO
Major Rating Factors:
Fair overall results on stability tests (4.6 on a scale of 0 to 10) including potential drain of affiliation with Tokio Marine Holdings Inc and weak results on operational trends. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability (8.5) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 12.8%.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (51.5%), personal/comm auto (18.7%), fin guar/surety (4.3%), farmowners (0.3%), other (25.2%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (76.9%), non investment grade bonds (8.5%), common stock (0.3%), real estate (0.2%), preferred stock (0.1%), other (14.0%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
One Bala Plaza Suite 100
BALA CYNWYD, PA 19004
BALA CYNWYD, PA 19004
Phone Number
(610) 206-7836
NAIC Number
18058
Website
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