Midrox Ins Co
Major Rating Factors:
Fair profitability index (4.9 on a scale of 0 to 10) with small operating losses during 2023. Weak overall results on stability tests (2.7) including excessive premium growth and weak risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (8.0) that helps to protect the company against sharp claims increases. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
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 (39.3%), homeowners (26.3%), farmowners (17.7%), fire (3.9%), other (12.8%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (60.1%), common stock (32.8%), cash (4.7%), non investment grade bonds (0.5%), other (1.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
104B Bracken Road
Montgomery, NY 12549
Montgomery, NY 12549
Phone Number
(845) 457-5001
NAIC Number
26835
Website
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