Wilmington Ins Co (DE)
Major Rating Factors:
Poor long-term capitalization index (2.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the good range over the last two years. Weak profitability index (2.6) with operating losses during 2020, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -17.5%. Fair overall results on stability tests (3.5) including weak risk adjusted capital in prior years.
Other Rating Factors:
History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (49.1%), personal/comm auto (23.7%), homeowners (5.9%), fire (3.5%), other (17.7%)
Licensed in:
AL, DE, GA, ID, IL, IN, KY, MD, MI, MN, MO, MS, MT, ND, NE, OK, SD, WA, WI, WY
Principal Investments:
Common stock (68.5%), investment grade bonds (15.9%), cash (10.8%), real estate (1.4%), preferred stock (0.7%), non investment grade bonds (0.2%), other (2.6%)
Corporate Info
Group Affiliation
Wilmington Holdings GP LLC
Investment Rating
--
Company Address
Silverside Professional Park
Wilmington, DE 19810
Wilmington, DE 19810
Phone Number
(302) 665-0837
NAIC Number
30155
Website
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