Selective Ins Co of NY
Major Rating Factors:
Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (8.0). Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (25.9%), comm multi (6.6%), fire (6.1%), product liab. (4.9%), work comp (4.8%), homeowners (2.8%), fin guar/surety (0.5%), other (48.3%)
Licensed in:
AZ, CO, ID, MA, ME, MI, NJ, NM, NY, PA, SC, UT, VT
Principal Investments:
Investment grade bonds (82.1%), cash (5.2%), other (12.7%)
Corporate Info
Group Affiliation
Selective Ins Group Inc
Investment Rating
Company Address
40 Wantage Avenue
Branchville, NJ 07890
Branchville, NJ 07890
Phone Number
(973) 948-3000
NAIC Number
13730
Website
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