Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.1) with operating losses during 2022. Fair overall results on stability tests (4.0) including. The largest net exposure for one risk is excessive at 7.6% of capital. Strengths include potentially strong support from affiliation with AXA SA.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (23.0%), fire (7.5%), personal/comm auto (1.4%), work comp (0.6%), homeowners (0.4%), other (67.1%)
Licensed in:
All states and Canada, PR
Principal Investments:
Investment grade bonds (94.9%), cash (1.3%), non investment grade bonds (0.2%), other (3.6%)
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
1 Star Point
Stamford, CT 06902
Stamford, CT 06902
Phone Number
(203) 964-5200
NAIC Number
20583
Website
Largest Affiliates