Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios) reflecting significant improvement over results in 2022. Good overall profitability index (5.0) despite operating losses during 2022 and the first three months of 2025. Return on equity has been low, averaging 2.4% over the past five years. Good overall results on stability tests (6.1) despite weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.4% of capital.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (10.8%), work comp (10.4%), fin guar/surety (9.8%), fire (6.7%), other (62.3%)
Licensed in:
All states except ME, also licensed in Canada, GU
Principal Investments:
Investment grade bonds (81.7%), common stock (6.4%), cash (1.5%), non investment grade bonds (0.5%), other (9.9%)
Corporate Info
Group Affiliation
SiriusPoint Ltd
Investment Rating
Company Address
One World Trade Center
New York, NY 10007
New York, NY 10007
Phone Number
(212) 312-2500
NAIC Number
38776
Website
Largest Affiliates