Major Rating Factors:
Good profitability index (5.0 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2023. Return on equity has been low, averaging 2.3% over the past five years. Good overall results on stability tests (6.0) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. 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.
Other Rating Factors:
Excellent liquidity (7.8) with ample operational cash flow and liquid investments. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
LA, OK
Principal Investments:
Investment grade bonds (81.3%), non investment grade bonds (1.2%), other (17.6%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
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Company Address
7000 Midland Boulevard
Amelia, OH 45102
Amelia, OH 45102
Phone Number
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NAIC Number
35912
Largest Affiliates