Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.6) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability index (9.0). Excellent expense controls.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (43.0%), fin guar/surety (10.7%), personal/comm auto (6.0%), fire (0.9%), work comp (0.1%), other (39.4%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (61.3%), non investment grade bonds (0.8%), other (38.0%)
Ratios
Premium to Surplus
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Reserve to Surplus
--
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
--
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
555 College Road, East
Princeton, NJ 08540
Princeton, NJ 08540
Phone Number
(609) 243-4200
NAIC Number
19720
Largest Affiliates