Illinois Union Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 0.7% over the past five years. Good overall results on stability tests (6.0) despite 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). Moreover, capital levels have been consistent in recent years. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (17.0%), product liab. (6.7%), fire (5.6%), comm multi (1.3%), personal/comm auto (0.2%), other (69.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (73.4%), cash (21.9%), non investment grade bonds (0.3%), other (4.4%)
Corporate Info
Group Affiliation
Chubb Limited
Investment Rating
Company Address
436 Walnut Street
Philadelphia, PA 19106
Philadelphia, PA 19106
Phone Number
(215) 640-1000
NAIC Number
27960
Website
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