Maya Assurance Co
Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.0) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 250.3% and 789.7% deficient. Weak overall results on stability tests (2.0) including weak risk diversification, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Fair profitability index (3.1) with operating losses during 2020, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -6.1%. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NY
Principal Investments:
Cash (78.5%), investment grade bonds (21.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
45-18 Court Square
Long Island City, NY 11101
Long Island City, NY 11101
Phone Number
(718) 937-2010
NAIC Number
36030
Website
Largest Affiliates
No affiliate information available.