Major Rating Factors:
Good liquidity (6.6 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.0) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2023 the two year reserve development was 17.9% and 21.4% deficient respectively. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.8). Excellent overall results on stability tests (8.0). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital.
Stability Factors:
Principal Lines of Business:
Fin guar/surety (14.0%), comm multi (8.3%), personal/comm auto (3.2%), product liab. (0.5%), other (74.1%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (77.6%), non investment grade bonds (5.4%), cash (1.1%), common stock (0.2%), preferred stock (0.1%), other (15.5%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
13403 Northwest Freeway
Houston, TX 77040
Houston, TX 77040
Phone Number
(713) 324-1000
NAIC Number
29599
Website
Largest Affiliates