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 overall results on stability tests (4.0) including excessive premium growth and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 6.8% of capital. Good profitability index (4.9) with operating losses during 2022 and 2023. Excellent expense controls. Return on equity has been low, averaging 0.1% over the past five years.
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:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (60.0%), fire (6.9%), product liab. (2.7%), other (30.4%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (62.3%), common stock (21.7%), cash (0.1%), other (15.9%)
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