Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2022 and 2023. Return on equity has been low, averaging 0.2% over the past five years. Fair overall results on stability tests (4.2) including excessive premium growth. The largest net exposure for one risk is excessive at 6.9% of capital.
Other Rating Factors:
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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (57.0%), fire (8.1%), product liab. (3.1%), other (31.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (56.5%), common stock (24.2%), cash (0.4%), other (18.9%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
Corporate Info
Group Affiliation
The Hartford Ins Group Inc
Investment Rating
Company Address
One Hartford Plaza
Hartford, CT 06115
Hartford, CT 06115
Phone Number
(860) 547-5000
NAIC Number
26743
Website
Largest Affiliates