Major Rating Factors:
Fair profitability index (4.9 on a scale of 0 to 10) with operating losses during 2022, 2023 and the first six months of 2025. Return on equity has been fair, averaging 6.3% over the past five years. Good overall results on stability tests (6.7) despite negative cash flow from operations for 2024. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (8.4) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (20.0%), fire (7.9%), med mal (1.8%), other (70.3%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (68.0%), common stock (24.9%), cash (7.1%)
Corporate Info
Group Affiliation
None
Investment Rating
Company Address
119 Washington Avenue
Albany, NY 12210
Albany, NY 12210
Phone Number
(518) 465-7552
NAIC Number
20690
Website
Largest Affiliates
No affiliate information available.