Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2020 and 2021. Return on equity has been fair, averaging 39.7% over the past five years. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Good long-term capitalization index (6.0) 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 (5.8) despite excessive premium growth and fair risk adjusted capital in prior years. Superior liquidity (10.0) 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