Gotham Ins Co
Major Rating Factors:
Fair reserve development (3.9 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2023 and 2022 the two year reserve development was 25.6% and 28.4% deficient respectively. Fair overall results on stability tests (4.2) including fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 7.0% of capital. Good long-term capitalization index (5.6) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2023.
Other Rating Factors:
Good profitability index (4.9) with operating losses during 2022 and 2023. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
Principal Lines of Business:
Fire (19.5%), personal/comm auto (5.8%), comm multi (3.8%), work comp (0.7%), fin guar/surety (0.6%), other (69.4%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (93.1%), non investment grade bonds (1.0%), other (5.9%)
Corporate Info
Group Affiliation
TowerBrook Capital Partners LP
Investment Rating
--
Company Address
412 Mount Kemble Avenue
Morristown, NJ 07960
Morristown, NJ 07960
Phone Number
(800) 774-2755
NAIC Number
25569
Website
Largest Affiliates