Major Rating Factors:
Good long-term capitalization index (5.2 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2019. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Good overall profitability index (5.1) despite operating losses during 2020 and the first nine months of 2024. Return on equity has been fair, averaging 5.1% over the past five years.
Other Rating Factors:
Good overall results on stability tests (5.7) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 4.0% of capital. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Fire (29.9%), product liab. (9.2%), personal/comm auto (1.5%), comm multi (0.6%), work comp (0.5%), other (58.3%)
Licensed in:
All states and PR, VI
Principal Investments:
Investment grade bonds (76.5%), common stock (16.1%), cash (5.2%), non investment grade bonds (1.8%), other (0.4%)
Corporate Info
Group Affiliation
HDI Haftpflichtverband der Deutschen Industrie VaG
Investment Rating
--
Company Address
161 North Clark Street
Chicago, IL 60601
Chicago, IL 60601
Phone Number
(312) 580-1900
NAIC Number
41343
Website
Largest Affiliates