Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (4.7) with operating losses during 2022 and the first three months of 2025. Return on equity has been low, averaging 0.8% over the past five years. Strong long-term capitalization index (8.4) 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. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (48.2%), farmowners (31.5%), comm multi (7.2%), fire (7.0%), other (6.1%)
Licensed in:
NY
Principal Investments:
Common stock (46.4%), investment grade bonds (42.4%), real estate (1.1%), cash (0.7%), other (9.5%)
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
No affiliate information available.