Major Rating Factors:
Good long-term capitalization index (6.8 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair overall results on stability tests (3.2) including weak results on operational trends. The largest net exposure for one risk is high at 4.9% of capital. Weak profitability index (2.9) with operating losses during each of the last five years.
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.8%), other (0.2%)
Licensed in:
AL, DC, LA, NY, SC
Principal Investments:
Investment grade bonds (54.9%), cash (19.4%), other (25.7%)
Corporate Info
Group Affiliation
Iron Family Holdings LLC
Investment Rating
--
Company Address
100 Jericho Quadrangle
Jericho, NY 11753
Jericho, NY 11753
Phone Number
(850) 364-1126
NAIC Number
14311
Largest Affiliates