Major Rating Factors:
Fair profitability index (3.4 on a scale of 0 to 10) with operating losses during 2022, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -3.9%. Fair overall results on stability tests (3.4) including. The largest net exposure for one risk is conservative at 1.9% of capital. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
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:
Comm multi (47.2%), homeowners (38.9%), fire (7.8%), farmowners (2.4%), other (3.8%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (44.9%), common stock (38.1%), cash (10.7%), real estate (1.0%), other (5.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
529 West Third Street
Jamestown, NY 14701
Jamestown, NY 14701
Phone Number
(716) 664-5813
NAIC Number
10372
Website
Largest Affiliates
No affiliate information available.