Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2022 and 2024. Fair overall results on stability tests (3.6) including. The largest net exposure for one risk is acceptable at 2.1% of capital. History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.7) 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.
Principal Lines of Business:
Comm multi (52.8%), homeowners (35.8%), fire (5.9%), farmowners (1.9%), other (3.6%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (40.9%), common stock (40.1%), cash (13.5%), real estate (0.9%), other (4.8%)
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
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