Euler Hermes North Am Ins Co
Major Rating Factors:
History of adequate reserve strength (6.5 on a scale of 0 to 10) 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 19.2%. Good overall results on stability tests (5.7) despite. The largest net exposure for one risk is high at 4.0% of capital. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fin guar/surety (16.6%), other (83.4%)
Licensed in:
All states and Canada, GU
Principal Investments:
Investment grade bonds (94.8%), common stock (0.8%), cash (0.4%), other (4.0%)
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
800 Red Brook Boulevard
Owings Mills, MD 21117
Owings Mills, MD 21117
Phone Number
(877) 883-3224
NAIC Number
20516
Largest Affiliates