Major Rating Factors:
Fair profitability index (3.1 on a scale of 0 to 10) with operating losses during 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -3.0%. Weak overall results on stability tests (2.6) including weak risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital. Good long-term capitalization index (5.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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 (56.2%), farmowners (15.4%), fire (15.1%), other (13.2%)
Licensed in:
PA
Principal Investments:
Common stock (65.6%), investment grade bonds (25.9%), cash (8.1%), real estate (0.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
477 West Pitt Street
Bedford, PA 15522
Bedford, PA 15522
Phone Number
(814) 623-8515
NAIC Number
16888
Website
Largest Affiliates
No affiliate information available.