Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) despite operating losses during 2021. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.0% of capital.
Stability Factors:
Principal Lines of Business:
Homeowners (25.6%), personal/comm auto (13.0%), fin guar/surety (6.7%), fire (2.6%), comm multi (2.0%), work comp (0.4%), product liab. (0.2%), other (49.5%)
Licensed in:
All states and GU, VI
Principal Investments:
Common stock (80.3%), investment grade bonds (10.9%), cash (5.6%), non investment grade bonds (1.3%), preferred stock (0.7%), other (1.2%)
Corporate Info
Group Affiliation
Goose Creek Capital Inc
Investment Rating
--
Company Address
4200 Six Forks Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(919) 833-1600
NAIC Number
26433
Website
Largest Affiliates