Global ReIns Corp of Am
Rating Date
June 2025
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:
Fair reserve development (3.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the one year reserve development was 38.5% deficient. Fair overall results on stability tests (3.3) including weak results on operational trends and negative cash flow from operations for 2024. Fair long-term capitalization index (3.5) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Weak profitability index (1.0) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -14.0%.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except AK, AR, FL, HI, MA, MD, ME, MT, ND, NH, NV, OH, TN, VA, VT, WV, WY
Principal Investments:
Investment grade bonds (87.4%), cash (5.3%), non investment grade bonds (1.7%), common stock (0.4%), other (5.2%)
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
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Investments in Affiliates
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Corporate Info
Group Affiliation
R&Q Ins Holdings Ltd
Investment Rating
--
Company Address
One Logan Square
Philadelphia, PA 19103
Philadelphia, PA 19103
Phone Number
(267) 675-3348
NAIC Number
21032
Website
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Largest Affiliates