Major Rating Factors:
Fair profitability index (4.5 on a scale of 0 to 10) with operating losses during 2020, 2022 and the first three months of 2025. Return on equity has been low, averaging 2.1% over the past five years. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.4) despite. Stability strengths include excellent operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (75.8%), fire (8.5%), personal/comm auto (5.9%), other (9.8%)
Licensed in:
CT, MA, ME, NH, NJ, NY, PA, RI
Principal Investments:
Investment grade bonds (80.9%), cash (9.2%), preferred stock (2.8%), common stock (1.5%), non investment grade bonds (0.5%), other (5.0%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
120 Wood Road
Kingston, NY 12401
Kingston, NY 12401
Phone Number
(800) 364-7045
NAIC Number
13668
Largest Affiliates
No affiliate information available.