BUSINESS INSURANCE ANNUAL DIRECTORY OF SURPLUS LINES INSURERS: L

L

Lexington Insurance Co.

200 State St., Boston, Mass. 02109; 617-330-1100; fax: 617-772-4588

1997 1996

Gross premiums $1,308,433,539 $1,351,925,234

Non-admitted $1,029,734,783 $1,112,070,783

Commercial risks 97.2% 98.2%

Net premiums $461,839,259 $626,671,071

Paid-in capital $5,000,000 $5,000,000

Policyholder

surplus $1,224,755,421 $1,062,445,931

Employees 260 260

Combined ratio 1 98.6% 99.9%

Combined ratio 2 NA 99.8%

Net income $172,994,444 $131,555,192

Best's rating A++ A++

S&P's rating AAA AAA

Founded: 1965.

Parent: American International Group Inc.

Specialties: Energy, health care, construction, transportation, financial institutions, professional services.

Approved non-admitted in: All states, excluding Delaware.

Admitted in: Delaware.

Officers: Kevin H. Kelley, chairman; Richard Bucilla, Richard Jodoin, executive vps; Nicholas Anselmo, Michael Castelli, senior vps.

Contact: Kimberly Metta, 617-330-8443.