Major Rating Factors:
Fair overall results on stability tests (4.7 on a scale of 0 to 10) including excessive premium growth and weak results on operational trends. A history of deficient reserves (2.4). Underreserving can have an adverse impact on capital and profits. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021.
Other Rating Factors:
Excellent profitability index (8.0). Excellent expense controls. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (9.0%), med mal (3.3%), comm multi (0.5%), other (87.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (77.2%), cash (22.8%)
Corporate Info
Group Affiliation
Sompo Holdings Inc
Investment Rating
--
Company Address
Four Manhattanville Road
Purchase, NY 10577
Purchase, NY 10577
Phone Number
(914) 468-8000
NAIC Number
41718
Website
Largest Affiliates