Major Rating Factors:
Weak overall results on stability tests (2.3 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is conservative at 1.1% of capital. Fair profitability index (4.2) with operating losses during 2022. Strong long-term capitalization index (8.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (49.2%), farmowners (28.6%), comm multi (7.2%), fire (3.7%), other (11.3%)
Licensed in:
NY
Principal Investments:
Common stock (52.6%), investment grade bonds (38.7%), cash (1.2%), real estate (0.9%), other (6.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
10170 Roberts Road
Sauquoit, NY 13456
Sauquoit, NY 13456
Phone Number
(315) 737-5911
NAIC Number
10368
Largest Affiliates
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