Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.7) including excessive premium growth. The largest net exposure for one risk is high at 3.2% of capital. Weak profitability index (1.9) with operating losses during 2021 and 2023. Return on equity has been fair, averaging 15.1% over the past five years.
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 (8.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
All states except CA, HI, LA, OK
Principal Investments:
Investment grade bonds (83.0%), other (17.0%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
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Company Address
7000 Midland Boulevard
Amelia, OH 45102
Amelia, OH 45102
Phone Number
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NAIC Number
38652
Largest Affiliates