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 overall results on stability tests (4.7) including excessive premium growth. Good overall profitability index (5.1). Excellent expense controls.
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:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (41.6%), work comp (39.6%), personal/comm auto (11.5%), product liab. (0.6%), fire (0.1%), other (6.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (95.5%), other (4.5%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
11201 Douglas Avenue
Urbandale, IA 50322
Urbandale, IA 50322
Phone Number
(515) 473-3000
NAIC Number
31003
Website
Largest Affiliates