Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.1) with operating losses during 2021. Return on equity has been low, averaging 1.7% 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 2019.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (20.0%), personal/comm auto (15.6%), comm multi (11.7%), fin guar/surety (5.6%), fire (3.4%), product liab. (1.1%), work comp (0.4%), other (42.1%)
Licensed in:
CA, FL, HI, KS, MN, NE, NJ, NV, OR, PA, SC
Principal Investments:
Common stock (51.3%), investment grade bonds (37.8%), non investment grade bonds (4.5%), cash (3.9%), preferred stock (2.5%)
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