Major Rating Factors:
Good overall profitability index (6.3 on a scale of 0 to 10) despite operating losses during 2022. Good overall results on stability tests (5.9) despite negative cash flow from operations for 2024. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. A history of deficient reserves (1.7) that places pressure on both capital and profits. In 2024 the two year reserve development was 65.9% deficient.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (52.1%), personal/comm auto (10.0%), comm multi (0.3%), other (37.7%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (92.5%), cash (1.6%), other (5.9%)
Corporate Info
Group Affiliation
SCOR SE
Investment Rating
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Company Address
28 Liberty Street
New York, NY 10005
New York, NY 10005
Phone Number
(212) 480-1900
NAIC Number
20559
Website
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Largest Affiliates