METROPOLITAN P&C INS CO
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%)