Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including potential drain of affiliation with Allied World Asr Holding Group and weak results on operational trends. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.0) despite operating losses during 2018 and 2020. Return on equity has been low, averaging 1.6% over the past five years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (6.8%), personal/comm auto (5.9%), comm multi (1.2%), other (86.1%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Common stock (43.5%), investment grade bonds (39.2%), cash (3.0%), non investment grade bonds (2.4%), preferred stock (0.2%), other (11.7%)
Corporate Info
Group Affiliation
Allied World Asr Holding Group
Investment Rating
--
Company Address
10 FERRY STREET SUITE 313
CONCORD, NH 3301
CONCORD, NH 3301
Phone Number
(646) 794-0751
NAIC Number
22730
Website
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