Hereford Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.1 on a scale of 0 to 10) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Fair reserve development (4.0) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2021 the two year reserve development was 39.1% and 49.3% deficient respectively. Good overall profitability index (5.9) despite modest operating losses during the first three months of 2025. Return on equity has been good over the last five years, averaging 10.1%.
Other Rating Factors:
Good overall results on stability tests (6.2) despite weak risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (89.8%), work comp (10.2%)
Licensed in:
NJ, NY
Principal Investments:
Investment grade bonds (89.4%), cash (3.6%), common stock (1.1%), non investment grade bonds (0.3%), other (5.5%)
Corporate Info
Group Affiliation
Hereford Holding Co Inc
Investment Rating
--
Company Address
36-01 43rd Avenue
Long Island City, NY 11101
Long Island City, NY 11101
Phone Number
(718) 361-9191
NAIC Number
24309
Website
Largest Affiliates
No affiliate information available.