Major Rating Factors:
Weak profitability index (2.7 on a scale of 0 to 10) with operating losses during 2025. Weak overall results on stability tests (0.5) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is excessive at 25.4% of capital. Good long-term capitalization index (5.4) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (45.6%), comm multi (14.0%), work comp (8.5%), fire (7.0%), homeowners (2.0%), other (23.0%)
Licensed in:
DE, MD, NJ, NY, PA, VT, WV
Principal Investments:
Cash (73.8%), investment grade bonds (21.6%), other (4.6%)
Corporate Info
Group Affiliation
Brookfield Corporation
Investment Rating
Company Address
344 Route 9 West
Glenmont, NY 12077
Glenmont, NY 12077
Phone Number
(518) 431-5000
NAIC Number
29963
Website
Largest Affiliates