Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.0) with operating gains in each of the last five years. Return on equity has been low, averaging 2.2% over the past five years. Fair overall results on stability tests (2.9) including excessive premium growth and weak results on operational trends.
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
RI
Principal Investments:
Cash (98.6%), investment grade bonds (1.4%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
3501 Concord Road
York, PA 17402
York, PA 17402
Phone Number
(717) 840-2402
NAIC Number
16125
Website
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Largest Affiliates
No affiliate information available.