Major Rating Factors:
Good overall results on stability tests (5.5 on a scale of 0 to 10) despite. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Fair profitability index (4.8) with small operating losses during 2023. Return on equity has been low, averaging 2.5% over the past five years.
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 (44.8%), fire (40.1%), farmowners (7.5%), comm multi (6.5%), other (1.1%)
Licensed in:
PA
Principal Investments:
Common stock (55.8%), investment grade bonds (37.2%), cash (2.9%), real estate (0.2%), other (3.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
18132 Route 208
Marble, PA 16334
Marble, PA 16334
Phone Number
(814) 354-7315
NAIC Number
17094
Website
Largest Affiliates
No affiliate information available.