General Casualty Co of WI
Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2019, 2020, 2021 and the first nine months of 2024. Average return on equity over the last five years has been poor at -5.4%. Vulnerable liquidity (2.4) as a spike in claims may stretch capacity. Fair long-term capitalization index (4.5) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
L - Past results on our liquidity tests.
Principal Lines of Business:
Work comp (12.6%), comm multi (12.1%), fire (7.7%), homeowners (4.3%), personal/comm auto (0.5%), product liab. (0.3%), other (62.5%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (73.6%), non investment grade bonds (9.1%), common stock (4.4%), real estate (3.5%), cash (2.8%), preferred stock (0.8%), other (5.9%)
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
One QBE Way
Sun Prairie, WI 53596
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
24414
Website
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