Major Rating Factors:
Fair reserve development (4.9 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. Fair long-term capitalization index (4.9) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. 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 21.2%.
Other Rating Factors:
Excellent liquidity (7.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.5). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (10.8%), comm multi (5.0%), homeowners (4.4%), work comp (4.0%), med mal (2.2%), product liab. (2.2%), fire (2.0%), fin guar/surety (1.6%), farmowners (0.1%), other (67.6%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (65.0%), common stock (27.3%), other (7.7%)
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