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) that places pressure on both capital and profits. In the last five years, reserves (one year development) fluctuated between 187.2% and 3,316.0% deficient. Weak profitability index (0.3) with operating losses during 2022, 2023 and 2024.
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 (63.8%), common stock (12.6%), real estate (1.5%), non investment grade bonds (0.4%), other (21.7%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
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
No affiliate information available.