Omni Indemnity Co
Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -8.1%. Fair overall results on stability tests (4.1) including. The largest net exposure for one risk is conservative at 1.2% of capital. Vulnerable liquidity (2.5) as a spike in claims may stretch capacity.
Other Rating Factors:
Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
DE, GA, IL, MS, SC
Principal Investments:
Common stock (60.5%), investment grade bonds (32.5%), cash (0.6%), other (6.4%)
Corporate Info
Group Affiliation
JC Comis Llc
Investment Rating
--
Company Address
300 Barr Harbor Drive
West Conshohocken, PA 19428
West Conshohocken, PA 19428
Phone Number
(610) 832-4940
NAIC Number
34940
Website
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