Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.1) with operating losses during 2023. Fair overall results on stability tests (4.7) including excessive premium growth and weak results on operational trends.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (48.2%), fire (22.5%), personal/comm auto (4.1%), other (25.1%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (18.0%), non investment grade bonds (0.4%), other (81.5%)
Corporate Info
Group Affiliation
Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München
Investment Rating
--
Company Address
7000 Midland Boulevard
Amelia, OH 45102
Amelia, OH 45102
Phone Number
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NAIC Number
42722
Largest Affiliates