Major Rating Factors:
Weak overall results on stability tests (2.9 on a scale of 0 to 10) including weak financial strength of affiliated XL Group Ltd and weak results on operational trends.
Other Rating Factors:
Good overall profitability index (5.3) despite operating losses during 2018 and 2019. Return on equity has been low, averaging 2.6% over the past five years. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (24.4%), work comp (8.4%), product liab. (2.5%), personal/comm auto (1.2%), other (63.5%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Common stock (37.1%), investment grade bonds (34.2%), cash (6.7%), other (22.0%)
Corporate Info
Group Affiliation
XL Group Ltd
Investment Rating
--
Company Address
C/o The Corporation Trust Comp
WILMINGTON, DE 19801
WILMINGTON, DE 19801
Phone Number
(203) 964-4025
NAIC Number
24554
Website
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