Major Rating Factors:
Poor long-term capitalization index (0.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.8) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 21.0% and 42.6% deficient. Weak profitability index (1.3) with operating losses during 2022, 2023, 2024 and 2025.
Other Rating Factors:
Fair overall results on stability tests (4.1) including weak risk adjusted capital in prior years. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (14.4%), personal/comm auto (10.0%), other (75.6%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (76.0%), common stock (22.5%), cash (1.2%), other (0.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
333 Earle Ovington Boulevard
Uniondale, NY 11553
Uniondale, NY 11553
Phone Number
(516) 393-2320
NAIC Number
34843
Website
Largest Affiliates
No affiliate information available.