Major Rating Factors:
History of adequate reserve strength (5.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (3.8) with operating losses during 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -0.7%.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (84.4%), homeowners (12.8%), other (2.8%)
Licensed in:
CT, FL, MA, MD, NJ, NY, OH, PA, RI, VA
Principal Investments:
Investment grade bonds (72.5%), common stock (15.6%), cash (3.6%), real estate (1.6%), other (6.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5981 Airport Road
Oriskany, NY 13424
Oriskany, NY 13424
Phone Number
(315) 736-8211
NAIC Number
15326
Website
Largest Affiliates
No affiliate information available.