Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 8.0% of capital. Strengths include potentially strong support from affiliation with The Travelers Companies Inc. 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. Ample reserve history (9.4) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (9.3) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 22.5%. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
Principal Lines of Business:
Fin guar/surety (37.4%), other (62.6%)
Licensed in:
All states and AS, GU, PR, VI
Principal Investments:
Investment grade bonds (96.2%), common stock (2.3%), other (1.5%)
Corporate Info
Group Affiliation
The Travelers Companies Inc
Investment Rating
Company Address
One Tower Square
Hartford, CT 06183
Hartford, CT 06183
Phone Number
(860) 277-0111
NAIC Number
31194
Website
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