Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including weak risk adjusted capital in prior years, weak risk diversification and weak results on operational trends. The largest net exposure for one risk is high at 4.6% of capital. Fair long-term capitalization index (4.2) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.7) despite modest operating losses during the first three months of 2025. Return on equity has been excellent over the last five years averaging 39.8%. Superior liquidity (9.3) 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.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (35.5%), comm multi (35.4%), fire (16.1%), farmowners (1.8%), other (11.2%)
Licensed in:
NY
Principal Investments:
Cash (32.2%), investment grade bonds (17.7%), common stock (3.9%), 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
No affiliate information available.