Major Rating Factors:
Strong long-term capitalization index (7.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent liquidity (8.6) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.3). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Good overall profitability index (5.5) despite operating losses during 2020. Return on equity has been good over the last five years, averaging 17.7%.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (22.6%), other (77.4%)
Licensed in:
All states and Canada, GU
Principal Investments:
Investment grade bonds (89.9%), cash (5.9%), common stock (0.8%), other (3.4%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Allianz SE
Investment Rating
Company Address
100 International Drive
Baltimore, MD 21202
Baltimore, MD 21202
Phone Number
(410) 753-0821
NAIC Number
20516
Largest Affiliates