Personal Service Ins Co
Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.8) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (4.2) including.
Other Rating Factors:
Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
IL, NJ, PA
Principal Investments:
Cash (55.2%), investment grade bonds (35.0%), other (9.9%)
Corporate Info
Group Affiliation
JC Comis Llc
Investment Rating
--
Company Address
300 Barr Harbor Drive
West Conshohocken, PA 19428
West Conshohocken, PA 19428
Phone Number
(610) 832-4940
NAIC Number
12289
Website
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