Colonial Amer Cas & Surety Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating losses during 2022. Excellent expense controls. Return on equity has been low, averaging 1.1% over the past five years. Good overall results on stability tests (5.3) despite excessive premium growth and negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
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:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Fin guar/surety (93.8%), other (6.2%)
Licensed in:
All states except NH
Principal Investments:
Investment grade bonds (94.9%), other (5.1%)
Corporate Info
Group Affiliation
Zurich Ins Group AG
Investment Rating
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Company Address
1299 Zurich Way
Schaumburg, IL 60196
Schaumburg, IL 60196
Phone Number
(847) 605-6000
NAIC Number
34347
Website
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