Major Rating Factors:
Fair reserve development (3.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.9) including excessive premium growth and fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with AXA SA. Good overall profitability index (5.0) despite operating losses during 2020 and 2023. Excellent expense controls. Return on equity has been low, averaging 1.6% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (91.4%), homeowners (20.6%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (77.9%), cash (13.5%), other (8.6%)
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
677 Washington Blvd
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 964-5200
NAIC Number
19518
Website
Largest Affiliates