Financial Highlights Home » About C&F » Financial Highlights The Crum & Forster companies are wholly owned subsidiaries of Crum & Forster Holdings Corp., which is a wholly owned subsidiary of Fairfax Financial Holdings Limited (Toronto: FFH.TO). Fairfax Financial Holdings Limited is a financial services holding company whose corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. Click here for Fairfax’s Annual Reports. Crum & Forster Holdings Corp. (US$ in Millions; IFRS Basis unless otherwise noted) Gross Premiums Written $2,706.3 $967.7 $2,292.9 $799.6 $3,109.4 Net Income (Loss) $256.1 $53.8 ($170.2) ($13.0) ($56.7) Combined Ratio 101.8% 101.2% 98.6% 99.3% 97.5% Shareholder’s Equity $2,372.1 $1,996.4 $2,093.8 Statutory Surplus $1,787.2 $1,389.3 $1,518.5 1 Unaudited Definitions IFRS – International Financial Reporting Standards. Shareholder’s Equity – A firm’s total assets minus its total liabilities. Gross Premiums Written – Premiums registered on the books at the time a policy is issued on a gross basis (before deductions of costs, such as reinsurance). Net Income – Net (loss) income is calculated by taking revenues and adjusting for the cost of doing business, interest, taxes and other expenses. Combined Ratio – The sum of two ratios: loss ratio and LAE ratio is calculated by dividing incurred losses plus loss adjustment expense (LAE) by premiums earned (the calendar year loss ratio); and expense ratio is calculated by dividing underwriting expenses by premiums written. Statutory Surplus – An insurance company’s total assets minus its total liabilities, both computed under accounting principles prescribed or permitted by state insurance regulatory authorities. Total Investments & Cash $5.7 Billion at 09/30/2021 High quality portfolio with ample liquidity. Duration of bond portfolio is 3 years (including cash, cash equivalents and short-term investments). Securities rated ‘A’ or higher make up 68% of our fixed income portfolio. Financial Strength Ratings United States Fire Insurance Company A A- The North River Insurance Company A A- First Mercury Insurance Company A A- Crum and Forster Insurance Company A A- Crum & Forster Indemnity Company A A- Crum & Forster Specialty Insurance Company A A- Seneca Insurance Company, Inc. A A- Seneca Specialty Insurance Company A A- American Underwriters Insurance Company A A- United States Fire Insurance Company, The North River Insurance Company, First Mercury Insurance Company, Crum and Forster Insurance Company, Crum & Forster Indemnity Company, Crum & Forster Specialty Insurance Company, Seneca Insurance Company, Inc., Seneca Specialty Insurance Company, and American Underwriters Insurance Company are rated “A” (Excellent) with a Stable outlook by AM Best Company and share a Financial Size Category of Class XIV. The same companies are rated “A-” (Strong) with a Positive outlook by Standard & Poor’s. Property & Casualty Commercial Lines Executive Risk Surplus & Specialty Lines Surety Property & Crisis Management Credit & Alternative Risk Solutions Personal Lines Accident & Health Stop Loss & Excess Medical Special Risk International Travel Medical Travel Occupational Risk Ancillary Benefits Pet Health & Services Corporate About Careers News & Insights Social Impact Contact Us Services Claims Pay My Bill Legal Notice Privacy Notice Social Media Notice Equal Opportunity Notice COVID-19 Service Notifications Information for Our Staff C&F is rated “A” (Excellent) by AM Best (2021). The C&F logo, C&F and Crum & Forster are registered trademarks of United States Fire Insurance Company. © 2021 United States Fire Insurance Company. All rights reserved.