Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.4) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 52.8% and 81.1% deficient. Weak profitability index (0.8) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -50.1%.
Other Rating Factors:
Weak overall results on stability tests (0.4) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 20.6% of capital. Excellent liquidity (7.4) 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:
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Licensed in:
(No states)
Principal Investments:
Investment grade bonds (71.6%), cash (12.2%), other (16.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
13 Roszel Road
Princeton, NJ 08540
Princeton, NJ 08540
Phone Number
(877) 265-7873
NAIC Number
11539
Website
Largest Affiliates
No affiliate information available.