Major Rating Factors:
Fair reserve development (4.7 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2023 the two year reserve development was 19.8% deficient. Good long-term capitalization index (5.3) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022. Good overall results on stability tests (6.1) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.5% of capital.
Other Rating Factors:
Excellent profitability index (8.5) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 18.2%. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (12.5%), homeowners (6.1%), comm multi (5.2%), work comp (3.7%), med mal (2.4%), fire (2.0%), fin guar/surety (1.8%), product liab. (1.8%), farmowners (0.1%), other (64.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (63.0%), common stock (30.8%), other (6.2%)
Corporate Info
Group Affiliation
Markel Group Inc
Investment Rating
Company Address
10275 West Higgins Road
Rosemont, IL 60018
Rosemont, IL 60018
Phone Number
(847) 572-6387
NAIC Number
35378
Website
Largest Affiliates