Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Excellent overall profitability index (6.9). Excellent expense controls.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Strengths include potentially strong support from affiliation with AXA SA, good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Fire (16.7%), work comp (11.1%), product liab. (1.5%), personal/comm auto (0.6%), other (70.1%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (80.4%), common stock (7.4%), other (12.2%)
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
677 Washington Blvd
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 964-5200
NAIC Number
24554
Website
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