Major Rating Factors:
Poor long-term capitalization index (0.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.0). Underreserving can have an adverse impact on capital and profits. In the last five years, reserves (two year development) fluctuated between 321.1% and 3,745.6% deficient. Weak profitability index (0.3) with operating losses during 2022, 2023, 2024 and 2025.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak risk diversification, weak risk adjusted capital in prior years and weak results on operational trends. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (64.7%), common stock (18.6%), real estate (1.7%), non investment grade bonds (0.2%), other (14.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5 Broadway
Freeport, NY 11520
Freeport, NY 11520
Phone Number
(212) 857-8200
NAIC Number
16616
Website
Largest Affiliates
There are no affiliate to display.