Major Rating Factors:
Strong long-term capitalization index (7.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (7.0) that can protect against increases in claims costs. Good overall profitability index (6.4) despite operating losses during 2020.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.8) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (7.5%), work comp (5.4%), personal/comm auto (4.4%), fin guar/surety (1.1%), product liab. (1.0%), comm multi (0.2%), other (80.3%)
Licensed in:
All states and GU, PR
Principal Investments:
Investment grade bonds (70.2%), common stock (9.9%), non investment grade bonds (0.8%), cash (0.1%), other (19.0%)
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
677 Washington Blvd
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 964-5200
NAIC Number
22322
Website
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