New Jersey Skylands Ins Assn
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -16.9%. Fair reserve development (3.2) as the level of reserves has at times been insufficient to cover claims. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 15.0% and 27.4%. Fair overall results on stability tests (4.5) including excessive premium growth, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (78.2%), personal/comm auto (18.5%), fire (0.7%), other (2.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (99.8%), other (0.2%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
5630 University Parkway
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(336) 435-2000
NAIC Number
11454
Website
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