Erie & Niagara Ins Assn
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital.
Other Rating Factors:
History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Good overall profitability index (6.0) despite operating losses during 2022.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (49.5%), homeowners (32.7%), farmowners (9.8%), fire (7.1%), other (1.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (72.1%), common stock (19.8%), cash (5.7%), real estate (0.5%), other (1.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8800 Sheridan Drive
Williamsville, NY 14221
Williamsville, NY 14221
Phone Number
(716) 632-5433
NAIC Number
10374
Website
Largest Affiliates
There are no affiliate to display.