Madison Mutual Ins Co (NY)
Major Rating Factors:
Fair overall results on stability tests (3.8 on a scale of 0 to 10) including. The largest net exposure for one risk is conservative at 1.2% of capital. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (7.9). Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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 (64.1%), homeowners (24.7%), fire (6.3%), other (5.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (73.8%), common stock (18.3%), cash (1.8%), real estate (1.6%), preferred stock (0.8%), other (3.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1256 State Route Five
Chittenango, NY 13037
Chittenango, NY 13037
Phone Number
(315) 687-3211
NAIC Number
30449
Website
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