Major Rating Factors:
Good overall results on stability tests (5.3 on a scale of 0 to 10) despite. The largest net exposure for one risk is high at 4.6% of capital. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (8.0). Vulnerable liquidity (2.2) as a spike in claims may stretch capacity.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (11.3%), fin guar/surety (4.1%), comm multi (0.4%), med mal (0.3%), work comp (0.1%), other (83.8%)
Licensed in:
All states and Canada, PR, VI
Principal Investments:
Common stock (35.2%), investment grade bonds (28.5%), preferred stock (5.4%), cash (1.6%), non investment grade bonds (0.4%), other (28.8%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
--
Company Address
100 William Street
New York, NY 10038
New York, NY 10038
Phone Number
(212) 978-2800
NAIC Number
25054
Website
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