Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during each of the last five years and the first six months of 2025. Average return on equity over the last five years has been poor at -12.1%. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity. Fair long-term capitalization index (4.8) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Fair reserve development (4.2) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.5) including excessive premium growth, weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital.
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.
L - Past results on our liquidity tests.
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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