Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.0). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital. Fair profitability index (4.8) with small operating losses during 2022, 2023 and the first three months of 2025. Return on equity has been low, averaging 1.8% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (81.4%), homeowners (15.0%), comm multi (1.5%), fire (0.5%), other (1.5%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (53.9%), common stock (36.5%), preferred stock (2.3%), other (7.3%)
Corporate Info
Group Affiliation
NYCM Ins Group
Investment Rating
--
Company Address
1899 Central Plaza, East
Edmeston, NY 13335
Edmeston, NY 13335
Phone Number
(607) 965-8321
NAIC Number
11105
Largest Affiliates