Development
Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2018. Return on equity has been fair, averaging 6.8% over the past five years. Fair overall results on stability tests (4.6) including weak results on operational trends.
Other Rating Factors:
History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (23.5%), product liab. (4.8%), homeowners (4.7%), comm multi (3.6%), med mal (2.9%), personal/comm auto (2.7%), other (57.8%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (80.1%), non investment grade bonds (5.1%), cash (1.2%), common stock (0.2%), preferred stock (0.1%), other (13.2%)
Corporate Info
Group Affiliation
American International Group
Investment Rating
Company Address
251 LITTLE FALLS DRIVE
WILMINGTON, DE 19808
WILMINGTON, DE 19808
Phone Number
(414) 369-5033
NAIC Number
19437
Largest Affiliates