Major Rating Factors:
Strong long-term capitalization index (7.9 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Good overall profitability index (5.9) despite operating losses during 2021. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (9.5%), personal/comm auto (9.2%), work comp (8.0%), fire (7.1%), homeowners (5.5%), product liab. (2.9%), med mal (0.3%), other (57.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (91.0%), non investment grade bonds (5.5%), cash (2.3%), other (1.2%)
Corporate Info
Group Affiliation
American International Group Inc
Investment Rating
Company Address
1271 Avenue of the Americas
New York, NY 10020
New York, NY 10020
Phone Number
(212) 770-7000
NAIC Number
19410
Website
Largest Affiliates