Major Rating Factors:
History of adequate reserve strength (5.6 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (5.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.8) with small operating losses during 2022 and 2023.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.2). Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (81.1%), homeowners (15.4%), comm multi (1.5%), fire (0.5%), other (1.5%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (46.4%), common stock (40.3%), preferred stock (1.9%), other (11.4%)
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