E
Adirondack Ins Exchange
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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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), although results have slipped from the good range over the last two years. A history of deficient reserves (1.6) that places pressure on both capital and profits. In 2024 the one year reserve development was 229.0% deficient. Weak profitability index (0.0) with operating losses during 2021, 2022, 2023 and 2024.
Other Rating Factors: Weak overall results on stability tests (0.0) including weak results on operational trends and weak risk adjusted capital in prior years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business: Homeowners (61.1%), personal/comm auto (31.2%), fire (3.8%), other (3.9%)
Licensed in: NY
Principal Investments: Investment grade bonds (23.8%), common stock (2.3%), other (73.9%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
ALL
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
12583
Largest Affiliates
C
Northbrook, IL - P&C
D
Winston-Salem, NC - P&C
C
JACKSONVILLE, FL - L&A
C
Winston-Salem, NC - P&C