Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10). History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2018 and the first six months of 2022. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (56.7%), comm multi (23.4%), farmowners (12.0%), fire (3.7%), other (4.2%)
Licensed in:
PA, VA
Principal Investments:
Investment grade bonds (54.4%), common stock (33.8%), cash (4.2%), non investment grade bonds (3.7%), real estate (1.2%), preferred stock (1.2%), other (1.4%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
15609 High Street
Waterford, VA 20197
Waterford, VA 20197
Phone Number
(540) 882-3232
NAIC Number
10329
Website
Largest Affiliates
