Major Rating Factors:
Poor long-term capitalization index (0.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.9) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 19.0% and 144.1% deficient. Weak profitability index (0.0) with operating losses during each of the last five years.
Other Rating Factors:
Weak overall results on stability tests (1.5) including weak results on operational trends, excessive premium growth and negative cash flow from operations for 2025. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
OK
Principal Investments:
Cash (47.5%), common stock (19.4%), investment grade bonds (5.2%), other (27.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
380 North Broadway
Jericho, NY 11753
Jericho, NY 11753
Phone Number
(877) 215-0510
NAIC Number
16286
Website
Largest Affiliates
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