Rider Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.3) including excessive premium growth. Good profitability index (5.0) with operating losses during 2022. Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) 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.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
DE, IN, NJ, PA
Principal Investments:
Investment grade bonds (98.5%), non investment grade bonds (1.4%)
Corporate Info
Group Affiliation
Palisades Safety and Ins Association
Investment Rating
--
Company Address
581 Main Street
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(732) 978-6000
NAIC Number
34509
Website
Largest Affiliates