Major Rating Factors:
Good long-term capitalization index (6.9 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Fair profitability index (4.8) with operating losses during 2024.
Other Rating Factors:
Fair overall results on stability tests (4.9) including negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 5.3% of capital. Excellent liquidity (7.5) 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:
Homeowners (5.8%), fire (4.8%), personal/comm auto (3.1%), work comp (1.1%), farmowners (0.6%), fin guar/surety (0.3%), comm multi (0.2%), med mal (0.2%), other (84.0%)
Licensed in:
All states and GU, PR
Principal Investments:
Investment grade bonds (88.4%), non investment grade bonds (2.3%), cash (0.1%), other (9.2%)
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
Swiss Re AG
Investment Rating
--
Company Address
175 King Street
Armonk, NY 10504
Armonk, NY 10504
Phone Number
(914) 828-8000
NAIC Number
25364
Website
Largest Affiliates