Major Rating Factors:
Vulnerable liquidity (1.9 on a scale of 0 to 10) as a spike in claims may stretch capacity. Good long-term capitalization index (5.3) based on good current risk adjusted capital (severe loss scenarios). However, capital levels have fluctuated somewhat during past years. Good overall profitability index (5.1) despite operating losses during 2021 and 2024.
Other Rating Factors:
Ample reserve history (8.4) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (10.1%), homeowners (4.7%), med mal (0.7%), personal/comm auto (0.5%), fire (0.3%), product liab. (0.2%), other (83.6%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (66.1%), common stock (12.3%), non investment grade bonds (8.3%), cash (1.3%), preferred stock (1.0%), other (11.0%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
10 Terrace Ct
Madison, WI 53718
Madison, WI 53718
Phone Number
(800) 362-5448
NAIC Number
24414
Website
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