Major Rating Factors:
History of adequate reserve strength (5.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.3) despite operating losses during 2021. Return on equity has been fair, averaging 8.2% over the past five years. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (33.6%), homeowners (20.4%), fin guar/surety (5.7%), comm multi (3.3%), fire (3.2%), work comp (2.1%), product liab. (0.2%), farmowners (0.1%), other (31.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (49.3%), common stock (40.0%), non investment grade bonds (4.9%), preferred stock (2.9%), cash (2.9%)
Corporate Info
Group Affiliation
Goose Creek Capital Inc
Investment Rating
--
Company Address
4200 Six Forks Road
Raleigh, NC 27609
Raleigh, NC 27609
Phone Number
(919) 833-1600
NAIC Number
28886
Website
Largest Affiliates