C
XL ReIns America Inc
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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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. Average return on equity over the last five years has been poor at -1.0%. Fair overall results on stability tests (4.0) including. The largest net exposure for one risk is excessive at 7.4% of capital. Strengths include potentially strong support from affiliation with AXA SA.
Other Rating Factors: 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. Excellent liquidity (8.6) with ample operational cash flow and liquid investments.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
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%)
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
--
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
1 Star Point
Stamford, CT 06902
Phone Number
(203) 964-5200
NAIC Number
20583
Largest Affiliates
B
New York, NY - L&A
A
Stamford, CT - P&C
B
Stamford, CT - P&C
B
Stamford, CT - P&C