Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.2) despite. The largest net exposure for one risk is high at 3.2% of capital. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair reserve development (3.7) 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. Excellent profitability index (8.5) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 13.7%.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (12.4%), comm multi (7.4%), personal/comm auto (3.0%), product liab. (0.4%), other (76.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (82.4%), non investment grade bonds (8.0%), cash (0.6%), preferred stock (0.2%), common stock (0.1%), other (8.7%)
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
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