Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak profitability index (2.8) with operating losses during 2021. Good overall results on stability tests (5.6) despite excessive premium growth and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2021. Superior liquidity (10.0) 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 (37.0%), fire (15.7%), personal/comm auto (8.8%), comm multi (5.7%), other (32.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (74.9%), real estate (7.8%), common stock (0.6%), non investment grade bonds (0.1%), other (16.5%)
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