B
METROPOLITAN P&C INS CO
Rating Date
December 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 (5.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.4). Fair expense controls. Return on equity has been good over the last five years, averaging 13.5%.
Other Rating Factors: Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite weak results on operational trends and negative cash flow from operations for 2022. Strong long-term capitalization index (9.5) 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 (48.8%), homeowners (42.9%), other (8.3%)
Licensed in: All states except AK, CA, PR
Principal Investments: Investment grade bonds (65.8%), common stock (19.7%), non investment grade bonds (4.2%), preferred stock (0.4%), other (9.9%)
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
(414) 369-5033
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