Major Rating Factors:
Fair overall results on stability tests (4.1 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with MetLife Inc. Fair long-term capitalization index (3.5) based on fair current risk adjusted capital (severe loss scenario).
Other Rating Factors:
Fair reserve development (4.3) as reserves have generally been sufficient to cover claims. Excellent profitability (8.0) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 10.2%. Vulnerable liquidity (2.9) as a spike in claims may stretch capacity.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Personal/comm auto (0.1%), other (99.9%)
Licensed in:
All states except NV, PR
Principal Investments:
Investment grade bonds (92.8%), cash (5.4%), non investment grade bonds (1.8%)
Corporate Info
Group Affiliation
MetLife Inc
Investment Rating
Company Address
700 Quaker Lane
WARWICK, RI 02886
WARWICK, RI 02886
Phone Number
(800) 638-4208
NAIC Number
39950
Website
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