Major Rating Factors:
Strong long-term capitalization index (7.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.4). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Good overall profitability index (6.6) despite modest operating losses during the first three months of 2025. Return on equity has been low, averaging 3.9% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (34.5%), comm multi (22.0%), personal/comm auto (9.3%), fire (0.8%), homeowners (0.4%), product liab. (0.4%), fin guar/surety (0.2%), med mal (0.2%), other (32.3%)
Licensed in:
All states and GU, PR
Principal Investments:
Investment grade bonds (76.1%), common stock (13.7%), non investment grade bonds (6.2%), cash (0.7%), other (3.3%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
59 Maiden Lane
New York, NY 10038
New York, NY 10038
Phone Number
(212) 220-7120
NAIC Number
25011
Website
--
Largest Affiliates