Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2021. Return on equity has been low, averaging 2.9% over the past five years. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (52.9%), personal/comm auto (9.0%), fire (3.5%), fin guar/surety (1.4%), comm multi (0.5%), other (32.7%)
Licensed in:
All states
Principal Investments:
Common stock (74.1%), investment grade bonds (17.7%), cash (3.8%), non investment grade bonds (3.5%), preferred stock (1.0%)
Corporate Info
Group Affiliation
Goose Creek Capital Inc
Investment Rating
--
Company Address
4200 Six Forks Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(919) 833-1600
NAIC Number
23248
Website
Largest Affiliates