Swiss Re Corpte Solutions Am
Major Rating Factors:
Fair profitability index (4.9 on a scale of 0 to 10) with operating losses during 2022. Return on equity has been low, averaging 3.5% over the past five years. Fair overall results on stability tests (4.5) including weak results on operational trends. The largest net exposure for one risk is conservative at 1.6% of capital. Good long-term capitalization index (6.0) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
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 (12.7%), fin guar/surety (5.0%), work comp (2.8%), med mal (0.4%), personal/comm auto (0.2%), product liab. (0.2%), comm multi (0.2%), other (78.4%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (82.2%), common stock (12.1%), non investment grade bonds (1.8%), cash (1.0%), other (2.9%)
Corporate Info
Group Affiliation
Swiss Re AG
Investment Rating
--
Company Address
1200 Main Street
Kansas City, MO 64105
Kansas City, MO 64105
Phone Number
(816) 235-3700
NAIC Number
29874
Website
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