Rutgers Casualty Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range over the last two years. A history of deficient reserves (1.4) that places pressure on both capital and profits. The one year reserve development was deficient in three of the last five years by between 17.9% and 73.2%. Weak overall results on stability tests (2.9) including weak risk adjusted capital in prior years, weak results on operational trends and excessive premium growth.
Other Rating Factors:
Fair profitability index (4.2) with operating losses during 2021, 2022 and 2023. Fair liquidity (4.7) as cash resources may not be adequate to cover a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (54.0%), comm multi (23.5%), personal/comm auto (10.9%), fire (0.5%), product liab. (0.1%), other (11.0%)
Licensed in:
NH, NJ, NY, PA
Principal Investments:
Investment grade bonds (89.3%), common stock (3.1%), cash (2.7%), non investment grade bonds (1.5%), other (3.4%)
Corporate Info
Group Affiliation
HSI Partnership
Investment Rating
--
Company Address
2250 Chapel Avenue, West
Cherry Hill, NJ 08002
Cherry Hill, NJ 08002
Phone Number
(856) 779-0600
NAIC Number
41378
Website
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