Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak profitability index (1.9) with operating losses during 2020 and 2021. Return on equity has been fair, averaging 39.7% over the past five years. Good long-term capitalization index (5.8) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2021.
Other Rating Factors:
Good overall results on stability tests (5.5) despite excessive premium growth and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.7% of capital. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (38.3%), fire (13.9%), personal/comm auto (9.1%), comm multi (5.5%), work comp (0.3%), other (32.9%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (10.7%), common stock (10.4%), real estate (9.5%), non investment grade bonds (0.2%), other (69.2%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
7000 Midland Boulevard
Amelia, OH 45102
Amelia, OH 45102
Phone Number
--
NAIC Number
23469
Largest Affiliates