Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2022 and 2023. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. 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:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (20.6%), fire (8.4%), med mal (1.6%), other (69.5%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (64.0%), common stock (24.1%), cash (6.5%), other (5.4%)
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
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