SWISS RE CORPTE SOLUTIONS
Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including potential drain of affiliation with Swiss Reinsurance and weak results on operational trends.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2021 and 2022. Return on equity has been fair, averaging 5.4% over the past five years. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (26.6%), comm multi (3.2%), personal/comm auto (1.1%), other (69.1%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (99.3%), cash (0.7%)
Corporate Info
Group Affiliation
Swiss Reinsurance
Investment Rating
--
Company Address
1200 Main St Suite 800
KANSAS CITY, MO 64105
KANSAS CITY, MO 64105
Phone Number
(603) 644-6600
NAIC Number
29700
Website
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