Major Rating Factors:
Good long-term capitalization index (6.7 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios). Over the last several years, capital levels have remained relatively consistent. Good overall profitability index (6.6) with operating gains in each of the last five years. Return on equity has been fair, averaging 7.2% over the past five years. 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.
Other Rating Factors:
Superior liquidity (9.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (9.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
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