Major Rating Factors:
Good overall profitability index (5.0 on a scale of 0 to 10). Excellent expense controls. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Comm multi (64.9%), work comp (17.7%), personal/comm auto (14.5%), product liab. (0.6%), fire (0.3%), other (2.1%)
Licensed in:
DC, DE, GA, IN, KY, MD, NC, NJ, PA, SC, TN, VA, WV
Principal Investments:
Investment grade bonds (47.9%), common stock (43.8%), preferred stock (0.8%), non investment grade bonds (0.6%), other (7.0%)
Corporate Info
Group Affiliation
Harford Mutual Ins Group Inc
Investment Rating
--
Company Address
200 North Main Street
Bel Air, MD 21014
Bel Air, MD 21014
Phone Number
(410) 838-4000
NAIC Number
40100
Website
Largest Affiliates