Major Rating Factors:
Good long-term capitalization index (6.8 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2019. Good overall profitability index (6.6). Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 17.4% deficient. Excellent overall results on stability tests (9.0). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Comm multi (9.7%), personal/comm auto (8.1%), homeowners (6.3%), fire (5.7%), work comp (3.4%), fin guar/surety (2.7%), product liab. (1.0%), farmowners (0.2%), other (62.8%)
Licensed in:
All states and Canada, PR
Principal Investments:
Investment grade bonds (79.6%), non investment grade bonds (3.8%), common stock (2.6%), cash (2.5%), preferred stock (2.1%), other (9.5%)
Corporate Info
Group Affiliation
Everest Group Ltd
Investment Rating
Company Address
100 Everest Way
Warren, NJ 07059
Warren, NJ 07059
Phone Number
(908) 604-3000
NAIC Number
26921
Largest Affiliates