American European Ins Co
Major Rating Factors:
Fair reserve development (3.2 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 39.8% deficient. Fair profitability index (3.3) with operating losses during 2022 and 2023. Good long-term capitalization index (6.4) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2023.
Other Rating Factors:
Good overall results on stability tests (6.3) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (73.3%), comm multi (12.8%), personal/comm auto (5.4%), product liab. (0.2%), other (8.4%)
Licensed in:
All states except CA, CO, CT, FL, GA, HI, ID, IL, IN, KS, KY, LA, MN, NE, OR, SD, WA, WI
Principal Investments:
Investment grade bonds (53.8%), common stock (31.0%), cash (4.4%), non investment grade bonds (0.6%), preferred stock (0.2%), other (9.9%)
Corporate Info
Group Affiliation
HSI Partnership
Investment Rating
--
Company Address
2250 Chapel Avenue, West
Cherry Hill, NJ 08002
Cherry Hill, NJ 08002
Phone Number
(856) 779-0600
NAIC Number
23337
Website
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