Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (5.0). Excellent expense controls. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (25.5%), personal/comm auto (17.7%), med mal (3.6%), comm multi (3.1%), fire (0.6%), other (49.6%)
Licensed in:
All states except AZ
Principal Investments:
Investment grade bonds (90.5%), other (9.5%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
11201 Douglas Avenue
Urbandale, IA 50322
Urbandale, IA 50322
Phone Number
(203) 542-3800
NAIC Number
25224
Website
Largest Affiliates