Development
Major Rating Factors:
Good overall results on stability tests (5.0 on a scale of 0 to 10) despite potential drain of affiliation with Tokio Marine Holdings Inc and weak results on operational trends. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.7). Good expense controls. Return on equity has been good over the last five years, averaging 10.5%. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (7.4) 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:
Work comp (22.9%), personal/comm auto (11.3%), product liab. (1.1%), fin guar/surety (0.3%), other (64.5%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (48.5%), non investment grade bonds (13.7%), common stock (4.7%), preferred stock (1.1%), real estate (0.8%), cash (0.3%), other (31.0%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
1832 Schuetz Road
ST. LOUIS, MO 63146
ST. LOUIS, MO 63146
Phone Number
(414) 369-5033
NAIC Number
15105
Website
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