Madison Mutual Ins Co (NY)
Major Rating Factors:
Fair overall results on stability tests (3.6 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 (6.4) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (9.1) 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 (7.7) despite modest operating losses during the first six months of 2025. Excellent liquidity (7.2) 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:
Comm multi (62.1%), homeowners (26.3%), fire (6.5%), farmowners (0.2%), other (5.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (72.9%), common stock (17.6%), cash (2.4%), real estate (1.5%), preferred stock (0.8%), other (4.7%)
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
Largest Affiliates
No affiliate information available.