C
NORTH AMERICAN CAPACITY INS CO
Rating Date
December 2023
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 overall results on stability tests (3.6 on a scale of 0 to 10) including potential drain of affiliation with Swiss Reinsurance, weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent profitability (7.6) despite modest operating losses during 2018. Excellent expense controls. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors: F - Negative cash flow. 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 (1.2%), other (98.8%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (99.7%), cash (0.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
Corporate Info
Group Affiliation
Swiss Reinsurance
Investment Rating
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Company Address
900 ELM STREET
MANCHESTER, NH 3101
Phone Number
(603) 644-6600
NAIC Number
25038
Largest Affiliates
C
B
JEFFERSON CITY, MO - L&A
C
JEFFERSON CITY, MO - P&C
A
KANSAS CITY, MO - P&C
Weiss Ratings