Major Rating Factors:
Vulnerable liquidity (1.1 on a scale of 0 to 10) as a spike in claims may stretch capacity. Weak overall results on stability tests (2.8) including negative cash flow from operations for 2023. The largest net exposure for one risk is excessive at 10.8% of capital. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (7.7) with operating gains in each of the last five years.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (43.9%), comm multi (11.9%), work comp (10.9%), fire (7.4%), homeowners (3.0%), other (22.9%)
Licensed in:
DE, MD, NJ, NY, PA, VT, WV
Principal Investments:
Investment grade bonds (70.4%), cash (29.6%)
Corporate Info
Group Affiliation
Brookfield Wealth Solutions Ltd
Investment Rating
Company Address
344 Route Nine West
Glenmont, NY 12077
Glenmont, NY 12077
Phone Number
(518) 431-5000
NAIC Number
29963
Website
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