Major Rating Factors:
Good overall profitability index (6.1 on a scale of 0 to 10) despite operating losses during 2022. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent overall results on stability tests (6.9) despite excessive premium growth.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (78.0%), fire (7.4%), personal/comm auto (5.2%), other (9.4%)
Licensed in:
CT, MA, ME, NH, NJ, NY, PA, RI
Principal Investments:
Investment grade bonds (94.8%), preferred stock (2.2%), cash (1.3%), common stock (0.3%), other (1.5%)
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
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