SWISS REINS AMERICA CORP
Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2018 and 2020. Return on equity has been low, averaging 3.4% over the past five years. Fair overall results on stability tests (3.1) including weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is excessive at 5.2% of capital.
Other Rating Factors:
History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
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:
Reinsurance (100.0%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (89.2%), common stock (2.2%), non investment grade bonds (1.7%), cash (0.4%), other (6.4%)
Corporate Info
Group Affiliation
Swiss Reinsurance
Investment Rating
--
Company Address
175 KING STREET
ARMONK, NY 10504
ARMONK, NY 10504
Phone Number
(414) 369-5033
NAIC Number
25364
Website
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