Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.8) with operating gains in each of the last five years. Return on equity has been low, averaging 1.1% over the past five years. Weak overall results on stability tests (2.7) including weak risk diversification and negative cash flow from operations for 2024.
Other Rating Factors:
Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
NJ, PA
Principal Investments:
Common stock (75.5%), investment grade bonds (16.7%), cash (7.8%)
Ratios
Premium to Surplus
Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
107 Corporate Drive, East
Langhorne, PA 19047
Langhorne, PA 19047
Phone Number
(267) 352-0138
NAIC Number
16934
Website
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Largest Affiliates
No affiliate information available.