C
HUDSON 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 (3.5 on a scale of 0 to 10) including potential drain of affiliation with Fairfax Financial and weak results on operational trends. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Excellent profitability (8.7) with operating gains in each of the last five years.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (8.6%), fin guar/surety (3.4%), comm multi (0.5%), med mal (0.3%), other (87.2%)
Licensed in: All states, the District of Columbia and Puerto Rico
Principal Investments: Investment grade bonds (45.9%), common stock (34.5%), preferred stock (5.1%), cash (3.4%), non investment grade bonds (1.2%), other (9.9%)
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
Investments in Affiliates
Corporate Info
Group Affiliation
Fairfax Financial
Investment Rating
--
Company Address
1209 ORANGE STREET
WILMINGTON, DE 19801
Phone Number
(203) 977-6020
NAIC Number
25054
Largest Affiliates
C
STAMFORD, CT - P&C
C
WILMINGTON, DE - P&C
C
CONCORD, NH - P&C
B
WILMINGTON, DE - P&C
C
WOODLAND HILLS, CA - P&C
Weiss Ratings