Fortitude Casualty Ins Co
Major Rating Factors:
Fair reserve development (3.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2019, 2020, 2021 and the first nine months of 2024. Average return on equity over the last five years has been poor at -4.9%. Fair overall results on stability tests (4.2) including excessive premium growth.
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states except CA, HI
Principal Investments:
Investment grade bonds (72.5%), cash (22.0%), common stock (0.6%), other (5.0%)
Corporate Info
Group Affiliation
The Carlyle Group Inc
Investment Rating
Company Address
10 Exchange Place
Jersey City, NJ 07302
Jersey City, NJ 07302
Phone Number
(615) 981-8801
NAIC Number
26794
Website
Largest Affiliates