Admiral Indemnity Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 1.9% over the past five years. Good overall results on stability tests (6.3) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Comm multi (87.4%), work comp (3.2%), personal/comm auto (0.5%), fire (0.4%), other (8.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.5%), other (3.5%)
Corporate Info
Group Affiliation
W R Berkley Corporation
Investment Rating
Company Address
301 Route 17 North
Rutherford, NJ 07070
Rutherford, NJ 07070
Phone Number
(201) 518-2500
NAIC Number
44318
Largest Affiliates