Safeco Insurance Co. Intercompany Pool Jun 07
- ID: 1822682
- June 2007
- Standard & Poors
Strong product and geographical diversification. Strong multivariate underwriting capability. Competitive loss ratio. Very strong capital strength. Relatively high expense ratio for its business mix. Cyclical underwriting pressures in personal and commercial insurance businesses. High exposure to catastrophe risk on a gross basis. The insurer financial strength ratings on the members of the Safeco Insurance Co. Intercompany Pool (Safeco; see Table 5) reflect the group's strong competitive position, as demonstrated by its top-20 market share in the U.S. property-casualty insurance marketplace. Safeco has competitive personal and commercial insurance products and a large independent agency distribution network. In addition, the company has strong earnings and a very strong capital position. These positive factors are partially offset by a relatively high expense ratio...
Companies mentioned in this report are: Safeco Insurance Co. of America,General Insurance Co. of America,First National Insurance Co. of America,Safeco National Insurance Co.,Safeco Insurance Co. of IL,American Economy Insurance Co.,American States Preferred Insurance Co.,American States Insurance Co.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
SHOW LESS READ MORE >
Safeco Insurance Co. of America,General Insurance Co. of America,First National Insurance Co. of America,Safeco National Insurance Co.,Safeco Insurance Co. of IL,American Economy Insurance Co.,American States Preferred Insurance Co.,American States Insurance Co.