Major Rating Factors:
History of adequate reserve strength (5.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.8) despite operating losses during 2022. Excellent expense controls. Return on equity has been fair, averaging 6.9% over the past five years. Fair overall results on stability tests (3.7) including excessive premium growth and weak results on operational trends.
Other Rating Factors:
Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
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 (61.5%), fire (18.0%), comm multi (5.7%), homeowners (2.2%), other (12.6%)
Licensed in:
All states except CA
Principal Investments:
Investment grade bonds (40.6%), common stock (32.7%), cash (22.1%), other (4.6%)
Ratios
Premium to Surplus
--
Reserve to Surplus
--
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Genstar IX GP LLC
Investment Rating
--
Company Address
1330 Avenue of the Americas
New York, NY 10019
New York, NY 10019
Phone Number
(800) 684-5428
NAIC Number
35602
Website
Largest Affiliates