Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10) despite operating losses during 2020. 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. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (9.3). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Fire (8.9%), personal/comm auto (6.6%), comm multi (2.5%), med mal (2.0%), homeowners (0.8%), farmowners (0.3%), fin guar/surety (0.2%), other (78.8%)
Licensed in:
All states
Principal Investments:
Common stock (45.8%), investment grade bonds (33.8%), cash (2.8%), non investment grade bonds (1.4%), preferred stock (0.5%), other (15.7%)
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