B
METROPOLITAN P&C INS CO
Rating Date
April 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Fair profitability index (4.1). Fair expense controls. Return on equity has been fair, averaging 14.0% over the past five years. Fair overall results on stability tests (4.1) including negative cash flow from operations for 2021. The largest net exposure for one risk is conservative at 1.1% of capital. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (45.2%), homeowners (43.8%), acc & health (5.0%), fire (0.3%), other (5.7%)
Licensed in: All states except AK, CA, PR
Principal Investments: Investment grade bonds (67.4%), common stock (18.5%), non investment grade bonds (5.3%), preferred stock (0.7%), other (8.0%)
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
MetLife Inc
Investment Rating
--
Company Address
700 Quaker Lane
WARWICK, RI 02886
Phone Number
(818) 965-0433
NAIC Number
26298
Largest Affiliates
C
WOODLAND HILLS, CA - P&C
B
WOODLAND HILLS, CA - P&C
C
WOODLAND HILLS, CA - P&C
B
CALEDONIA, MI - P&C
B
WOODLAND HILLS, CA - P&C
Weiss Ratings