Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2018. Return on equity has been fair, averaging 6.7% over the past five years. History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite weak results on operational trends. Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (13.1%), comm multi (8.6%), work comp (5.1%), fire (0.8%), product liab. (0.4%), med mal (0.2%), other (71.9%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (64.9%), non investment grade bonds (5.0%), cash (2.9%), common stock (1.4%), other (25.8%)
Corporate Info
Group Affiliation
American International Group
Investment Rating
Company Address
2595 Interstate Drive Suite 10
HARRISBURG, PA 17110
HARRISBURG, PA 17110
Phone Number
(212) 458-7940
NAIC Number
19445
Website
Largest Affiliates
