Cedar Ins Co
Major Rating Factors:
Good long-term capitalization index (6.5 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2020, 2022, 2023 and the first six months of 2025. Average return on equity over the last five years has been poor at -0.1%.
Other Rating Factors:
Weak overall results on stability tests (2.5) including weak results on operational trends and fair risk adjusted capital in prior years. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
All states except AK, CO, HI, MS, MT, ND, NM, NV, OR, TX, WA, WY
Principal Investments:
Investment grade bonds (78.6%), cash (21.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1 Barker Avenue
White Plains, NY 10601
White Plains, NY 10601
Phone Number
(212) 666-7070
NAIC Number
20273
Website
Largest Affiliates
No affiliate information available.