Major Rating Factors:
Good long-term capitalization index (6.7 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite. The largest net exposure for one risk is high at 3.2% of capital. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent profitability index (8.7).
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (5.5%), fire (4.9%), comm multi (4.1%), homeowners (3.7%), fin guar/surety (2.0%), med mal (0.9%), other (78.8%)
Licensed in:
All states except MO, NE, NY, also licensed in Canada, GU, MP, PR
Principal Investments:
Common stock (36.6%), investment grade bonds (31.7%), non investment grade bonds (5.2%), preferred stock (1.9%), cash (1.4%), other (23.1%)
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