Production (Stage)
Major Rating Factors:
History of adequate reserve strength (5.2 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Fair profitability index (4.6) with operating losses during 2021, 2022, 2023 and the first three months of 2025. Return on equity has been fair, averaging 16.4% over the past five years. Fair overall results on stability tests (3.8) including weak results on operational trends.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (36.4%), work comp (29.3%), fin guar/surety (20.0%), comm multi (1.4%), other (13.0%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (49.6%), common stock (35.8%), cash (0.3%), other (14.3%)
Corporate Info
Group Affiliation
Ambac Financial Group Inc
Investment Rating
Company Address
One World Trade Center
New York, NY 10007
New York, NY 10007
Phone Number
(855) 355-0327
NAIC Number
24961
Website
Largest Affiliates