Major Rating Factors:
A history of deficient reserves (2.9 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. Fair profitability index (3.6) with operating losses during 2020 and 2023. Fair overall results on stability tests (4.2) including excessive premium growth and weak results on operational trends. Strengths include potentially strong support from affiliation with AXA SA.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (4.6%), product liab. (2.0%), personal/comm auto (0.9%), comm multi (0.2%), other (92.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (92.4%), cash (3.8%), other (3.8%)
Corporate Info
Group Affiliation
AXA SA
Investment Rating
--
Company Address
677 Washington Blvd
Stamford, CT 06901
Stamford, CT 06901
Phone Number
(203) 964-5200
NAIC Number
36940
Website
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