Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2021. 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 2019.
Other Rating Factors:
Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (8.5). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
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