C
General Casualty Co of WI
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2024. Average return on equity over the last five years has been poor at -4.0%. Good long-term capitalization index (6.8) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2023. Fair liquidity (5.0) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors: Good overall results on stability tests (5.5) despite negative cash flow from operations for 2024. Stability strengths include good historical capital adequacy and excellent risk diversification. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Work comp (8.7%), homeowners (5.9%), comm multi (3.7%), fire (2.6%), med mal (0.2%), other (78.8%)
Licensed in: All states and PR
Principal Investments: Investment grade bonds (68.4%), common stock (10.4%), non investment grade bonds (10.2%), cash (1.4%), preferred stock (1.0%), other (8.7%)
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2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
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Investments in Affiliates
Corporate Info
Group Affiliation
QBE Ins Group Limited
Investment Rating
--
Company Address
One QBE Way
Sun Prairie, WI 53596
Phone Number
(800) 362-5448
NAIC Number
24414
Largest Affiliates
B
Sun Prairie, WI - P&C
C
Ramsey, MN - P&C
B
Sun Prairie, WI - P&C
B
Sun Prairie, WI - P&C
B
Sun Prairie, WI - P&C