Development
AMERICAN CONTRACTORS INDEMNITY CO
Major Rating Factors:
Good overall profitability index (5.3 on a scale of 0 to 10). Weak expense controls. Return on equity has been fair, averaging 9.3% over the past five years. Fair overall results on stability tests (4.5) including weak results on operational trends. The largest net exposure for one risk is conservative at 1.1% of capital.
Other Rating Factors:
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. Ample reserve history (8.6) that helps to protect the company against sharp claims increases. Superior liquidity (9.5) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
All states except MA, NH, NC, VT, PR
Principal Investments:
Investment grade bonds (92.3%), cash (1.0%), other (6.7%)
Corporate Info
Group Affiliation
HCC Ins Holdings Inc
Investment Rating
--
Company Address
801 South Figueroa Street Suit
LOS ANGELES, CA 90017
LOS ANGELES, CA 90017
Phone Number
(414) 369-5033
NAIC Number
10216
Website
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