Major Rating Factors:
Good overall results on stability tests (6.6 on a scale of 0 to 10) despite negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.6% of capital. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (7.3) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (8.3). Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (20.4%), product liab. (8.8%), comm multi (6.3%), personal/comm auto (5.2%), work comp (1.7%), other (57.6%)
Licensed in:
All states and PR, VI
Principal Investments:
Investment grade bonds (62.5%), common stock (13.5%), cash (10.7%), non investment grade bonds (0.5%), other (12.8%)
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