Production (Stage)
Major Rating Factors:
Fair reserve development (3.7 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2023 the two year reserve development was 17.9% and 21.4% deficient respectively. Fair overall results on stability tests (4.7) including. The largest net exposure for one risk is excessive at 5.7% of capital. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (8.5) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 13.7%. Excellent liquidity (7.8) with ample operational cash flow and liquid investments.
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:
Fin guar/surety (12.4%), comm multi (7.4%), personal/comm auto (3.0%), product liab. (0.4%), other (76.8%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (82.4%), non investment grade bonds (8.0%), cash (0.6%), preferred stock (0.2%), common stock (0.1%), other (8.7%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
13403 Northwest Freeway
Houston, TX 77040
Houston, TX 77040
Phone Number
(713) 324-1000
NAIC Number
29599
Website
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