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 (0.5) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 21.0% and 232.3% deficient. Weak profitability index (1.2) with operating losses during each of the last five years.
Other Rating Factors:
Fair liquidity (3.5) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (3.6) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is conservative at 1.1% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
MI, NJ, PA
Principal Investments:
Investment grade bonds (64.9%), cash (9.9%), other (25.2%)
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
214 Carnegie Center
Princeton, NJ 08540
Princeton, NJ 08540
Phone Number
(609) 520-0800
NAIC Number
37028
Website
Largest Affiliates
No affiliate information available.