Major Rating Factors:
Fair profitability index (3.5 on a scale of 0 to 10) with operating losses during 2023, 2024 and the first six months of 2025. Return on equity has been low, averaging 0.5% over the past five years. Fair overall results on stability tests (3.1) including. The largest net exposure for one risk is conservative at 1.1% of capital. History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
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 (57.1%), fire (32.7%), comm multi (2.1%), other (8.1%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (48.9%), common stock (35.2%), cash (0.8%), real estate (0.3%), other (14.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
114 South Main Street
Nazareth, PA 18064
Nazareth, PA 18064
Phone Number
(610) 759-3020
NAIC Number
17493
Website
Largest Affiliates
No affiliate information available.