Cedar Ins Co
Major Rating Factors:
Poor long-term capitalization index (2.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the fair range during the last year. Weak overall results on stability tests (2.8) including excessive premium growth, weak results on operational trends and fair risk adjusted capital in prior years. Fair reserve development (4.0) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.0) with operating losses during 2022, 2023 and 2025. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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.
R - Concerns about the financial strength of its reinsurers.
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 (92.3%), cash (3.4%), other (4.3%)
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
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