WESTPORT INS CORP
Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2018. Return on equity has been fair, averaging 5.4% over the past five years. Fair overall results on stability tests (3.8) including weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is acceptable at 2.4% of capital.
Other Rating Factors:
Good overall long-term capitalization (6.9) based on good current risk adjusted capital (moderate loss scenario). However, capital levels have fluctuated during prior years. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (17.7%), fin guar/surety (1.4%), work comp (0.9%), personal/comm auto (0.4%), product liab. (0.1%), other (79.4%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (98.8%), cash (1.1%), other (0.2%)
Corporate Info
Group Affiliation
Swiss Reinsurance
Investment Rating
--
Company Address
2701 West Main St Suite 201 Po
JEFFERSON CITY, MO 65109
JEFFERSON CITY, MO 65109
Phone Number
(414) 369-5033
NAIC Number
39845
Website
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