Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.5) including excessive premium growth and weak results on operational trends. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been fair, averaging 6.7% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (31.3%), work comp (29.9%), comm multi (22.1%), personal/comm auto (10.6%), fire (0.7%), product liab. (0.4%), other (5.0%)
Licensed in:
All states and PR
Principal Investments:
Common stock (57.1%), investment grade bonds (42.2%), cash (0.6%)
Corporate Info
Group Affiliation
Loews Corporation
Investment Rating
Company Address
151 North Franklin Street
Chicago, IL 60606
Chicago, IL 60606
Phone Number
(312) 822-5000
NAIC Number
20427
Website
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