Major Rating Factors:
Fair long-term capitalization index (3.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year. Fair reserve development (4.2) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.4) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.4% of capital.
Other Rating Factors:
Weak profitability index (2.7) with operating losses during each of the last five years. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (94.4%), fire (1.1%), other (4.5%)
Licensed in:
All states except AK, CA, HI, MA, NH, NY, RI, VT
Principal Investments:
Cash (75.1%), investment grade bonds (22.9%), other (2.0%)
Corporate Info
Group Affiliation
Kin Ins Inc
Investment Rating
--
Company Address
222 Merchandise Mart Plaza
Chicago, IL 60654
Chicago, IL 60654
Phone Number
(855) 717-0022
NAIC Number
33987
Website
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