METROPOLITAN GROUP PROP & CAS INS CO
Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2021. Return on equity has been low, averaging 2.5% over the past five years. Fair overall results on stability tests (4.6) including weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (76.6%), homeowners (22.4%), other (1.0%)
Licensed in:
All states except CO, HI, KY, ME, MN, NM, NC, OR, VA, WY, PR
Principal Investments:
Investment grade bonds (99.7%), cash (0.3%)