Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. Good overall profitability index (6.8) despite operating losses during 2020. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (5.1) despite. The largest net exposure for one risk is high at 4.9% of capital. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (7.5%), fire (5.5%), comm multi (4.2%), homeowners (3.0%), fin guar/surety (2.0%), med mal (1.2%), other (76.6%)
Licensed in:
All states except MO, NE, NY, also licensed in Canada, GU, MP, PR
Principal Investments:
Common stock (35.7%), investment grade bonds (35.3%), non investment grade bonds (3.3%), preferred stock (1.8%), cash (1.0%), other (22.9%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
300 First Stamford Place
Stamford, CT 06902
Stamford, CT 06902
Phone Number
(203) 977-8000
NAIC Number
23680
Website
Largest Affiliates