Midrox Ins Co
Major Rating Factors:
Fair profitability index (4.9 on a scale of 0 to 10) with small operating losses during 2023. Return on equity has been low, averaging 5.0% over the past five years. 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:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.2) 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 (43.2%), homeowners (21.0%), farmowners (19.3%), fire (4.7%), other (11.8%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (60.8%), common stock (30.6%), cash (4.7%), other (3.9%)
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
Largest Affiliates
No affiliate information available.