Major Rating Factors:
Good overall results on stability tests (5.7 on a scale of 0 to 10) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.9) as reserves have generally been sufficient to cover claims. Fair profitability index (4.3) with operating losses during 2020 and the first six months of 2025. Average return on equity over the last five years has been poor at -0.9%.
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