Major Rating Factors:
Weak profitability index (2.1 on a scale of 0 to 10) with operating losses during 2024. Weak overall results on stability tests (0.8) including excessive premium growth, weak results on operational trends and weak risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (97.7%), fire (0.4%), other (2.0%)
Licensed in:
NY
Principal Investments:
Cash (53.8%), investment grade bonds (37.3%), common stock (8.8%), other (0.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2417 N. Triphammer Road
Ithaca, NY 14850
Ithaca, NY 14850
Phone Number
(607) 257-5000
NAIC Number
10365
Website
Largest Affiliates
No affiliate information available.