Swiss Re Corpte Solutions
Major Rating Factors:
Good overall profitability index (5.9 on a scale of 0 to 10) despite operating losses during 2021, 2022 and 2023. Excellent expense controls. Return on equity has been low, averaging 4.4% over the past five years. Good overall results on stability tests (5.9) despite negative cash flow from operations for 2024. 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.
Other Rating Factors:
Superior liquidity (9.9) with ample operational cash flow and liquid investments. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
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 (29.2%), comm multi (2.5%), personal/comm auto (0.7%), other (67.6%)
Licensed in:
All states and GU, PR, VI
Principal Investments:
Investment grade bonds (99.8%), cash (0.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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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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Largest Affiliates