ACE AMERICAN INS CO
Major Rating Factors:
Fair overall results on stability tests (3.0 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 7.3% of capital. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.1). Good expense controls. Return on equity has been good over the last five years, averaging 13.2%. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (17.4%), work comp (12.5%), personal/comm auto (6.5%), fire (3.5%), med mal (0.9%), product liab. (0.7%), other (58.6%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (77.8%), non investment grade bonds (9.5%), common stock (8.0%), real estate (0.2%), other (4.5%)
Corporate Info
Group Affiliation
Chubb Limited
Investment Rating
Company Address
436 Walnut Street
PHILADELPHIA, PA 19106
PHILADELPHIA, PA 19106
Phone Number
(215) 640-5259
NAIC Number
22667
Website
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