D
Country-Wide Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: A history of deficient reserves (1.4 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 23.7% and 64.2% deficient. Fair long-term capitalization index (3.0) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range during the last year. Fair profitability index (3.4) with operating losses during 2021, 2022 and 2023.
Other Rating Factors: Good liquidity (5.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.1) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business: Personal/comm auto (100.0%)
Licensed in: NY
Principal Investments: Investment grade bonds (95.6%), cash (3.1%), preferred stock (0.8%), common stock (0.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
40 Wall Street
New York, NY 10005
Phone Number
(212) 514-7000
NAIC Number
10839
Largest Affiliates
No affiliate information available.