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 2019. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (6.6). Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
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
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Company Address
59 Maiden Lane
New York, NY 10038
New York, NY 10038
Phone Number
(212) 220-7120
NAIC Number
25011
Website
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Largest Affiliates