Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) 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). Moreover, capital has steadily grown over the last five years. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (8.7). Excellent overall results on stability tests (9.3). Strengths include potentially strong support from affiliation with Fairfax Financial Holdings Limited, excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Fire (9.6%), personal/comm auto (5.3%), med mal (2.5%), comm multi (1.3%), homeowners (0.6%), farmowners (0.3%), fin guar/surety (0.1%), other (80.3%)
Licensed in:
All states
Principal Investments:
Common stock (51.8%), investment grade bonds (27.6%), non investment grade bonds (3.0%), preferred stock (0.7%), cash (0.5%), other (16.4%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
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Company Address
199 Water Street
New York, NY 10038
New York, NY 10038
Phone Number
(646) 794-0500
NAIC Number
22730
Website
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Largest Affiliates