Major Rating Factors:
History of adequate reserve strength (6.8 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.0) despite operating losses during 2020. Good overall results on stability tests (6.6) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.2% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
Principal Lines of Business:
Work comp (7.6%), fire (4.0%), fin guar/surety (2.7%), personal/comm auto (2.5%), product liab. (0.2%), other (83.0%)
Licensed in:
All states and Canada, GU, MP, PR, VI
Principal Investments:
Investment grade bonds (88.8%), common stock (4.6%), cash (1.4%), other (5.2%)
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
37885
Website
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