Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including weak risk diversification. Fair profitability index (4.3) with operating losses during 2022. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
AK, AL, AZ, GA, MD, MN, MS, MT, ND, NE, NY, PA, WV
Principal Investments:
Investment grade bonds (57.3%), cash (35.0%), common stock (7.6%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
293 Foxhurst Road
Oceanside, NY 11572
Oceanside, NY 11572
Phone Number
(516) 538-5555
NAIC Number
14051
Largest Affiliates
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