Leatherstocking Coop Ins Co
Major Rating Factors:
Good overall profitability index (5.7 on a scale of 0 to 10) despite operating losses during 2020 and the first three months of 2025. Return on equity has been fair, averaging 8.0% over the past five years. Good overall results on stability tests (5.5) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and good risk diversification. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021.
Other Rating Factors:
Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
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 (43.1%), homeowners (33.8%), fire (21.4%), other (1.8%)
Licensed in:
NY
Principal Investments:
Common stock (42.4%), investment grade bonds (37.3%), cash (18.6%), real estate (0.4%), other (1.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
4313 County Highway 11
Cooperstown, NY 13326
Cooperstown, NY 13326
Phone Number
(607) 547-2007
NAIC Number
10380
Largest Affiliates
No affiliate information available.