Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating gains in each of the last five years. Return on equity has been low, averaging 2.7% over the past five years. Fair overall results on stability tests (3.1) including weak results on operational trends and negative cash flow from operations for 2024. History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (8.2) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
--
Licensed in:
PA
Principal Investments:
Common stock (58.3%), cash (0.2%), other (41.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
645 Hamilton Street
Allentown, PA 18101
Allentown, PA 18101
Phone Number
(610) 868-1832
NAIC Number
17736
Website
Largest Affiliates
No affiliate information available.