Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) with small operating losses during 2020. Good overall results on stability tests (5.2) despite. Stability strengths include excellent operational trends and good risk diversification. Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (56.6%), homeowners (34.7%), fire (3.0%), farmowners (0.4%), other (5.4%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (80.2%), common stock (14.7%), cash (3.2%), real estate (1.0%), non investment grade bonds (0.1%), other (0.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
5612 South Street Road
Auburn, NY 13021
Auburn, NY 13021
Phone Number
(315) 252-7218
NAIC Number
26818
Website
Largest Affiliates
No affiliate information available.