Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2024 and 2025. Good long-term capitalization index (6.7) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.0) 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 2.8% of capital. A history of deficient reserves (2.7) that places pressure on both capital and profits. In 2024 and 2025 the two year reserve development was 20.5% and 34.3% deficient respectively.
Stability Factors:
Principal Lines of Business:
Fin guar/surety (8.4%), fire (7.9%), comm multi (3.5%), personal/comm auto (1.7%), work comp (0.3%), med mal (0.3%), other (78.0%)
Licensed in:
All states except FL, HI, ID, IN, KY, ME, MN, MO, MT, NC, ND, NE, NH, OR, RI, TN, VT, WY, also licensed in Canada, GU
Principal Investments:
Investment grade bonds (84.4%), non investment grade bonds (8.2%), cash (0.5%), common stock (0.4%), other (6.5%)
Corporate Info
Group Affiliation
Groupe Covéa - Société de Groupe dAssurance Mutuelle
Investment Rating
--
Company Address
200 First Stamford Place
Stamford, CT 06902
Stamford, CT 06902
Phone Number
(203) 485-4200
NAIC Number
38636
Website
Largest Affiliates