Major Rating Factors:
Good long-term capitalization index (6.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2021. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.1) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.4% of capital. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Fair reserve development (4.4) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during 2023 and 2024.
Stability Factors:
Principal Lines of Business:
Homeowners (13.4%), work comp (1.8%), personal/comm auto (1.5%), med mal (1.3%), comm multi (0.4%), other (81.6%)
Licensed in:
FL, IA, IL, LA, MD, NY
Principal Investments:
Investment grade bonds (91.3%), cash (2.9%), non investment grade bonds (0.9%), other (4.9%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
1095 Avenue of the Americas
New York, NY 10036
New York, NY 10036
Phone Number
(212) 238-9600
NAIC Number
10357
Website
Largest Affiliates
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