US Fire Ins Co
Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2020. Return on equity has been fair, averaging 12.2% over the past five years. Good long-term capitalization index (6.5) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital has steadily grown over the last five years. Ample reserve history (8.0) that can protect against increases in claims costs.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (9.3). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (12.1%), comm multi (8.3%), fire (4.4%), fin guar/surety (4.1%), product liab. (3.6%), work comp (2.8%), other (64.6%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Common stock (41.0%), investment grade bonds (20.4%), cash (3.2%), non investment grade bonds (2.9%), preferred stock (2.3%), real estate (1.3%), other (28.9%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
305 Madison Avenue
Morristown, NJ 07960
Morristown, NJ 07960
Phone Number
(973) 490-6600
NAIC Number
21113
Website
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