Major Rating Factors:
Fair reserve development (4.9 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024.
Other Rating Factors:
Excellent profitability index (8.7). Excellent overall results on stability tests (8.6). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Comm multi (80.6%), fire (0.8%), work comp (0.6%), personal/comm auto (0.2%), other (17.8%)
Licensed in:
All states except AK, CA, FL, HI, TX
Principal Investments:
Investment grade bonds (81.9%), common stock (14.3%), cash (1.9%), non investment grade bonds (0.7%), other (1.2%)
Corporate Info
Group Affiliation
Greater New York Group
Investment Rating
--
Company Address
350 Fifth Avenue
New York, NY 10118
New York, NY 10118
Phone Number
(212) 683-9700 1274
NAIC Number
22187
Website
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