Major Rating Factors:
Fair reserve development (3.3 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good historical capital adequacy and excellent risk diversification. 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 (8.1) with operating gains in each of the last five years. Excellent expense controls. Superior liquidity (9.8) 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 (10.1%), med mal (3.5%), comm multi (0.7%), other (85.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (77.4%), cash (22.5%), non investment grade bonds (0.1%)
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