Rating Date
June 2026
NAIC
Classification
Classification
Risk Adjusted
Capital Ratio #1
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Capital Ratio #2
Loss
Ratio
Ratio
Total
Assets
Assets
Capital
Net
Premiums
Premiums
Net
Income
Income
Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2024 the two year reserve development was 21.1% and 33.5% deficient respectively. Fair overall results on stability tests (3.6) including weak results on operational trends and negative cash flow from operations for 2025. Weak profitability index (2.2) with operating losses during 2022, 2023 and 2025.
Other Rating Factors:
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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
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 (5.4%), work comp (3.2%), personal/comm auto (2.7%), med mal (1.5%), product liab. (1.3%), other (85.8%)
Licensed in:
KS, NY
Principal Investments:
Investment grade bonds (97.8%), cash (1.3%), other (0.9%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
3 Bryant Park
New York, NY 10036
New York, NY 10036
Phone Number
(212) 238-9600
NAIC Number
15529
Website
Largest Affiliates
There are no affiliate to display.