Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including fair financial strength of affiliated CNA Financial Corp and weak results on operational trends. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.5). Weak expense controls. Return on equity has been low, averaging 3.1% 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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (12.9%), personal/comm auto (9.9%), work comp (9.5%), fin guar/surety (2.7%), fire (1.3%), product liab. (1.3%), med mal (0.1%), other (62.3%)
Licensed in:
All states, the District of Columbia and Puerto Rico
Principal Investments:
Investment grade bonds (90.4%), common stock (9.1%), cash (0.2%), non investment grade bonds (0.2%)
Corporate Info
Group Affiliation
CNA Financial Corp
Investment Rating
Company Address
Three Radnor Corporate Center
RADNOR, PA 19087
RADNOR, PA 19087
Phone Number
(414) 369-5033
NAIC Number
35289
Website
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