Great Bay Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.7 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Weak overall results on stability tests (2.7) including weak results on operational trends and weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.5% of capital. Good overall profitability index (6.7). Excellent expense controls.
Other Rating Factors:
Ample reserve history (8.2) that helps to protect the company against sharp claims increases. Excellent liquidity (7.2) 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.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
MA, NJ
Principal Investments:
Investment grade bonds (48.4%), cash (27.6%), other (24.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8025 Black Horse Pike
Pleasantville, NJ 08232
Pleasantville, NJ 08232
Phone Number
(609) 434-2000
NAIC Number
16620
Largest Affiliates
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