Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10) including weak results on operational trends. The largest net exposure for one risk is excessive at 6.7% of capital. Good long-term capitalization index (5.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (5.2) despite operating losses during 2020 and the first nine months of 2024. Return on equity has been fair, averaging 6.2% over the past five years. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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 (8.0%), fire (7.1%), homeowners (4.7%), farmowners (0.7%), fin guar/surety (0.3%), other (79.2%)
Licensed in:
All states and GU, PR
Principal Investments:
Investment grade bonds (92.1%), non investment grade bonds (2.4%), cash (0.3%), other (5.2%)
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