Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2023 and 2025. Fair overall results on stability tests (4.6) including weak results on operational trends, excessive premium growth, negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. Fair long-term capitalization index (4.7) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year.
Other Rating Factors:
History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Vulnerable liquidity (0.5) as a spike in claims may stretch capacity.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.4%), non investment grade bonds (1.9%), preferred stock (0.8%), cash (0.8%)
Corporate Info
Group Affiliation
MetLife Inc
Investment Rating
Company Address
700 Quaker Lane
Warwick, RI 02886
Warwick, RI 02886
Phone Number
(401) 827-2400
NAIC Number
39950
Website
Largest Affiliates