Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Ample reserve history (9.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.1) despite operating losses during 2020. Excellent expense controls. Fair overall results on stability tests (4.5) including weak results on operational trends.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (18.4%), personal/comm auto (9.3%), homeowners (6.5%), comm multi (1.3%), product liab. (0.6%), med mal (0.4%), other (63.5%)
Licensed in:
(No states)
Principal Investments:
Common stock (16.2%), investment grade bonds (15.4%), cash (2.2%), other (66.3%)
Corporate Info
Group Affiliation
MS&AD Ins Group Holdings Inc
Investment Rating
--
Company Address
15 Independence Boulevard
Warren, NJ 07059
Warren, NJ 07059
Phone Number
(609) 250-7841
NAIC Number
41807
Website
Largest Affiliates