ILLINOIS UNION INS CO
Major Rating Factors:
Fair liquidity (3.0 on a scale of 0 to 10) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (4.0) including fair financial strength of affiliated Chubb Limited, weak results on operational trends and negative cash flow from operations for 2022.
Other Rating Factors:
Good overall profitability index (5.8). Weak expense controls. Return on equity has been low, averaging 0.5% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
F - Negative cash flow.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Med mal (16.2%), product liab. (5.6%), fire (5.1%), comm multi (2.9%), other (70.2%)
Licensed in:
All states except PR
Principal Investments:
Investment grade bonds (59.4%), cash (39.9%), non investment grade bonds (0.2%), other (0.5%)
Corporate Info
Group Affiliation
Chubb Limited
Investment Rating
Company Address
525 West Monroe Street Suite 7
CHICAGO, IL 60661
CHICAGO, IL 60661
Phone Number
(215) 640-5259
NAIC Number
27960
Website
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