Major Rating Factors:
Good overall profitability index (6.4 on a scale of 0 to 10) with small operating losses during 2020. Return on equity has been excellent over the last five years averaging 16.6%. Fair overall results on stability tests (3.9) including. The largest net exposure for one risk is excessive at 7.7% of capital. Strengths include potentially strong support from affiliation with COFACE SA. Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (10.0) that helps to protect the company against sharp claims increases. Superior liquidity (9.0) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except HI
Principal Investments:
Investment grade bonds (87.3%), cash (7.5%), other (5.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
COFACE SA
Investment Rating
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Company Address
600 College Road, East
Princeton, NJ 08540
Princeton, NJ 08540
Phone Number
(609) 469-0400
NAIC Number
31887
Website
Largest Affiliates