The Service Ins Co (NJ)
Major Rating Factors:
Fair overall results on stability tests (3.5 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 5.4% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (9.2) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (8.4) with operating gains in each of the last five years. Excellent liquidity (7.5) 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:
Fin guar/surety (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (61.9%), common stock (19.3%), cash (4.6%), preferred stock (0.4%), other (13.8%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
80 Main Street
West Orange, NJ 07052
West Orange, NJ 07052
Phone Number
(973) 731-7650
NAIC Number
28240
Largest Affiliates
No affiliate information available.