Adirondack Ins Exchange
Rating Date
June 2026
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
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 (2.4). Underreserving can have an adverse impact on capital and profits. In 2024 and 2025 the two year reserve development was 64.2% and 325.0% deficient respectively. Weak profitability index (0.0) with operating losses during each of the last five years.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and weak results on operational trends. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
--
Licensed in:
NY
Principal Investments:
Common stock (6.9%), investment grade bonds (1.0%), other (92.1%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
12583
Website
Largest Affiliates