The assigned ratings reflect the organization’s favorable underwriting results, experienced management team, sound capitalization, and comprehensive reinsurance program. KICO continues to report strong operating trends, with no adverse development the last few years and combined ratios that consistently outperform the property/casualty industry. The company’s favorable performance has been achieved through prudent underwriting practices, detailed claim reviews and proactive risk management. KICO’s seasoned management team brings extensive knowledge of the downstate
Balancing these strengths are KICO’s moderate premium leverage, geographic risk concentration, reliance on reinsurance and moderate premium growth. A substantial portion of KICO’s property exposure is concentrated on
The ratings are based on KBRA’s Global Insurer & Insurance Holding Company Rating Methodology published on
A full report is available on www.kbra.com.
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