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). Excellent expense controls. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
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 (7.4). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (22.8%), work comp (9.4%), comm multi (6.8%), fire (3.3%), other (57.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (44.4%), common stock (43.4%), preferred stock (0.1%), other (12.1%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
11201 Douglas Avenue
Urbandale, IA 50322
Urbandale, IA 50322
Phone Number
(515) 473-3000
NAIC Number
29580
Website
Largest Affiliates