Major Rating Factors:
Good overall results on stability tests (6.3 on a scale of 0 to 10) 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. 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.
Other Rating Factors:
Excellent profitability index (8.1) with operating gains in each of the last five years. Excellent expense controls. Superior liquidity (9.9) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Comm multi (63.7%), personal/comm auto (17.1%), work comp (14.3%), fire (1.4%), product liab. (0.7%), other (2.8%)
Licensed in:
DC, DE, GA, IN, KY, MD, NC, NJ, PA, SC, TN, VA, WV
Principal Investments:
Investment grade bonds (53.2%), common stock (44.2%), preferred stock (0.8%), non investment grade bonds (0.6%), other (1.2%)
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