Standard & Preferred Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.6 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios). Good overall results on stability tests (5.0) despite weak risk adjusted capital in prior years. Stability strengths include good risk diversification. Ample reserve history (7.8) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (7.3) despite operating losses during 2021. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NY
Principal Investments:
Cash (95.3%), common stock (3.0%), other (1.8%)
Corporate Info
Group Affiliation
Philipson Family LLC
Investment Rating
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Company Address
80-02 Kew Gardens Road
Kew Gardens, NY 11415
Kew Gardens, NY 11415
Phone Number
(212) 235-1231
NAIC Number
16265
Website
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