Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2023 and 2024. Fair overall results on stability tests (3.1) including excessive premium growth. The largest net exposure for one risk is conservative at 1.7% of capital. History of adequate reserve strength (5.3) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.2) 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.
Principal Lines of Business:
Homeowners (60.6%), fire (30.2%), comm multi (1.8%), other (7.4%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (50.6%), common stock (37.1%), cash (1.8%), non investment grade bonds (0.3%), other (10.2%)
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
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