Major Rating Factors:
Poor long-term capitalization index (2.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Weak profitability index (2.7) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -12.1%. Fair reserve development (4.2) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair overall results on stability tests (3.3) including weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is acceptable at 2.7% of capital. Excellent liquidity (7.9) 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.
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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