Major Rating Factors:
Strong long-term capitalization index (7.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.8%.
Other Rating Factors:
Excellent liquidity (7.6) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (6.6%), comm multi (4.1%), personal/comm auto (2.0%), med mal (0.5%), homeowners (0.2%), other (86.6%)
Licensed in:
CA, DE, NY
Principal Investments:
Investment grade bonds (62.3%), common stock (12.9%), cash (7.5%), non investment grade bonds (2.3%), other (15.0%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
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Company Address
199 Water Street
New York, NY 10038
New York, NY 10038
Phone Number
(646) 794-0500
NAIC Number
19489
Website
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Largest Affiliates