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), although results have slipped from the fair range over the last two years. A history of deficient reserves (1.5) that places pressure on both capital and profits. In 2021 and 2024 the one year reserve development was 59.5% and 72.9% deficient respectively. Weak profitability index (1.3) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -82.9%.
Other Rating Factors:
Vulnerable liquidity (1.8) as a spike in claims may stretch capacity. Fair overall results on stability tests (3.2) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is conservative at 1.3% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (68.4%), cash (19.6%), other (12.0%)
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.