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 (4.9) with small operating losses during 2022. Return on equity has been low, averaging 2.8% over the past five years. Good overall results on stability tests (5.1) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
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:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (51.8%), cash (9.9%), other (38.4%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
One State Street
Hartford, CT 06141
Hartford, CT 06141
Phone Number
(860) 722-5057
NAIC Number
29890
Largest Affiliates