Swiss Re Corpte Solutions
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.3) with operating losses during 2021, 2022 and 2023. Return on equity has been low, averaging 3.5% over the past five years. Fair overall results on stability tests (4.9) including weak results on operational trends.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (30.1%), comm multi (2.4%), personal/comm auto (0.7%), other (66.7%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (99.1%), cash (0.6%), other (0.3%)
Corporate Info
Group Affiliation
Swiss Re AG
Investment Rating
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Company Address
1200 Main Street
Kansas City, MO 64105
Kansas City, MO 64105
Phone Number
(816) 235-3700
NAIC Number
29700
Website
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