Major Rating Factors:
Strong long-term capitalization index (8.8 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. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (7.9). Stability strengths include good operational trends and excellent risk diversification. Good overall profitability index (6.5) with operating gains in each of the last five years. Return on equity has been fair, averaging 8.8% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (12.2%), fire (9.9%), personal/comm auto (8.9%), work comp (5.6%), homeowners (3.9%), product liab. (1.4%), med mal (0.5%), other (57.7%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (75.2%), non investment grade bonds (3.6%), cash (2.1%), common stock (1.8%), preferred stock (0.1%), other (17.2%)
Corporate Info
Group Affiliation
American International Group Inc
Investment Rating
Company Address
1271 Avenue of the Americas
New York, NY 10020
New York, NY 10020
Phone Number
(212) 770-7000
NAIC Number
19380
Website
Largest Affiliates