Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including weak risk diversification and weak results on operational trends. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (4.7) with operating losses during 2022. Return on equity has been low, averaging 1.5% over the past five years.
Other Rating Factors:
Strong long-term capitalization index (7.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.3) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (100.0%)
Licensed in:
(No states)
Principal Investments:
Common stock (85.3%), investment grade bonds (14.2%), cash (0.4%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
P.O. Box 123
Numidia, PA 17858
Numidia, PA 17858
Phone Number
(570) 799-5751
NAIC Number
27405
Website
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Largest Affiliates
No affiliate information available.