Leatherstocking Coop Ins Co
Major Rating Factors:
Good liquidity (6.4 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.7) despite excessive premium growth. 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 (9.4) that helps to protect the company against sharp claims increases. Excellent profitability index (8.3).
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (40.4%), homeowners (35.8%), fire (22.0%), other (1.8%)
Licensed in:
NY
Principal Investments:
Common stock (50.7%), investment grade bonds (29.4%), cash (18.8%), real estate (0.3%), other (0.9%)
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
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