PACIFIC INDEMNITY CO
Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 7.3% of capital. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent profitability (8.8) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 11.3%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (53.0%), work comp (10.0%), comm multi (8.8%), personal/comm auto (8.7%), fin guar/surety (2.4%), product liab. (0.7%), fire (0.1%), other (16.3%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (61.3%), non investment grade bonds (28.8%), cash (5.3%), other (4.6%)
Corporate Info
Group Affiliation
Chubb Limited
Investment Rating
Company Address
Two Plaza East Suite 1450 330
MILWAUKEE, WI 53202
MILWAUKEE, WI 53202
Phone Number
(908) 903-2525
NAIC Number
20346
Website
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