Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021. Return on equity has been low, averaging 0.9% over the past five years. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. 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.
Other Rating Factors:
Excellent liquidity (8.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.5). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (30.1%), personal/comm auto (14.8%), fin guar/surety (6.7%), fire (2.7%), comm multi (2.4%), work comp (0.5%), product liab. (0.2%), farmowners (0.2%), other (42.3%)
Licensed in:
All states and GU, VI
Principal Investments:
Common stock (81.2%), investment grade bonds (11.0%), cash (5.6%), non investment grade bonds (1.8%), preferred stock (0.4%)
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