Granite Re Inc
Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 7.1% of capital. Strengths include potentially strong support from affiliation with Federated Mutual Ins Co. Strong long-term capitalization index (9.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.8) with operating gains in each of the last five years. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (48.2%), personal/comm auto (16.0%), work comp (7.3%), comm multi (3.5%), fire (3.2%), product liab. (1.4%), other (20.5%)
Licensed in:
All states except AK, HI, NY
Principal Investments:
Investment grade bonds (94.1%), non investment grade bonds (1.4%), cash (0.7%), other (3.8%)
Corporate Info
Group Affiliation
Federated Mutual Ins Co
Investment Rating
--
Company Address
14001 Quailbrook Drive
Oklahoma City, OK 73134
Oklahoma City, OK 73134
Phone Number
(405) 752-2600
NAIC Number
26310
Website
Largest Affiliates