Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent profitability index (8.9) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.8%.
Other Rating Factors:
Excellent liquidity (7.5) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.7). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (10.8%), med mal (6.8%), comm multi (4.9%), fire (2.9%), homeowners (0.2%), farmowners (0.1%), other (74.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (77.9%), common stock (8.5%), cash (4.7%), non investment grade bonds (1.9%), other (7.0%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
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Company Address
199 Water Street
New York, NY 10038
New York, NY 10038
Phone Number
(646) 794-0500
NAIC Number
24319
Website
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