Empire Indemnity Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.7% over the past five years. Good overall results on stability tests (5.9) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (90.8%), fire (0.1%), other (9.1%)
Licensed in:
OK
Principal Investments:
Investment grade bonds (96.0%), other (4.0%)
Corporate Info
Group Affiliation
Zurich Ins Group AG
Investment Rating
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Company Address
1299 Zurich Way
Schaumburg, IL 60196
Schaumburg, IL 60196
Phone Number
(847) 605-6000
NAIC Number
21334
Website
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Largest Affiliates