Major Rating Factors:
Strong long-term capitalization index (8.4 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends and excellent risk diversification. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.9) with operating gains in each of the last five years. Return on equity has been low, averaging 1.4% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (51.5%), comm multi (23.7%), fire (11.1%), other (13.8%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (49.3%), common stock (39.7%), cash (6.8%), non investment grade bonds (1.8%), real estate (0.9%), other (1.6%)
Corporate Info
Group Affiliation
Cumberland Ins Group
Investment Rating
--
Company Address
633 Shiloh Pike
Bridgeton, NJ 08302
Bridgeton, NJ 08302
Phone Number
(856) 451-4050
NAIC Number
13684
Website
Largest Affiliates