Major Rating Factors:
Strong long-term capitalization index (7.8 on a scale of 0 to 10) 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. Excellent profitability index (8.0) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 11.2%.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
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
Largest Affiliates