Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is high at 4.8% of capital. Fair long-term capitalization index (4.9) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (5.1) despite operating losses during 2025. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (36.0%), homeowners (34.6%), fire (16.3%), farmowners (1.6%), other (11.5%)
Licensed in:
NY
Principal Investments:
Cash (31.3%), investment grade bonds (18.0%), common stock (4.6%), other (46.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
309 West Montgomery Street
Johnstown, NY 12095
Johnstown, NY 12095
Phone Number
(518) 762-3171
NAIC Number
26760
Website
Largest Affiliates
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