Major Rating Factors:
Fair reserve development (3.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.3) with operating losses during 2020. Average return on equity over the last five years has been poor at -0.9%. Good overall results on stability tests (5.8) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (86.9%), cash (9.6%), other (3.5%)
Corporate Info
Group Affiliation
Intact Financial Corporation
Investment Rating
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Company Address
605 Highway 169 North
Plymouth, MN 55441
Plymouth, MN 55441
Phone Number
(800) 662-0156
NAIC Number
36650
Website
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Largest Affiliates