Major Rating Factors:
Fair reserve development (3.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.0) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 14.9% of capital.
Other Rating Factors:
Good overall profitability index (6.3) despite operating losses during 2022. Return on equity has been fair, averaging 5.7% over the past five years. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
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