Rating Date
December 2023
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Weak overall results on stability tests (2.4 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is acceptable at 2.0% of capital. Fair profitability index (4.6) with operating losses during 2018. Return on equity has been fair, averaging 16.3% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.3) that can protect against increases in claims costs. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (82.8%), other (17.2%)
Licensed in:
PA
Principal Investments:
Cash (8.1%), other (91.9%)
Corporate Info
Group Affiliation
Radian Group Inc
Investment Rating
Company Address
550 East Swedesford Road Suite
Wayne, PA 19087
Wayne, PA 19087
Phone Number
(215) 231-1225
NAIC Number
20720
Website
Largest Affiliates
