Major Rating Factors:
Good overall profitability index (6.0 on a scale of 0 to 10) despite operating losses during 2022. Excellent expense controls. Return on equity has been good over the last five years, averaging 10.8%. Fair overall results on stability tests (3.5) including excessive premium growth and weak results on operational trends. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.1) that can protect against increases in claims costs. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (14.6%), other (85.4%)
Licensed in:
All states except CO, FL, ID, ME, MI, NJ, NY, OR, SC, VA, VT, WY
Principal Investments:
Investment grade bonds (82.5%), cash (1.1%), other (16.4%)
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
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Corporate Info
Group Affiliation
Genstar IX GP LLC
Investment Rating
--
Company Address
1330 Avenue of the Americas
New York, NY 10019
New York, NY 10019
Phone Number
(800) 684-5428
NAIC Number
26395
Website
Largest Affiliates