Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.1) despite operating losses during 2021. Return on equity has been low, averaging 3.0% over the past five years. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
Excellent liquidity (8.6) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.1). 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:
Homeowners (27.6%), personal/comm auto (14.3%), comm multi (11.3%), fin guar/surety (5.4%), fire (4.2%), product liab. (1.1%), work comp (0.3%), farmowners (0.1%), other (35.6%)
Licensed in:
CA, FL, HI, KS, MN, NE, NJ, NV, OR, PA, SC
Principal Investments:
Common stock (52.5%), investment grade bonds (36.1%), cash (4.8%), non investment grade bonds (4.4%), preferred stock (2.1%)
Corporate Info
Group Affiliation
Goose Creek Capital Inc
Investment Rating
--
Company Address
4200 Six Forks Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(919) 833-1600
NAIC Number
20010
Website
Largest Affiliates