Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (4.6) including weak results on operational trends and excessive premium growth. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent profitability index (8.9). Excellent expense controls.
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 (15.5%), personal/comm auto (10.5%), homeowners (6.4%), comm multi (1.5%), med mal (0.9%), product liab. (0.3%), other (64.9%)
Licensed in:
(No states)
Principal Investments:
Common stock (17.0%), investment grade bonds (14.4%), cash (2.9%), other (65.7%)
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