Fire Districts of NY Mutl Ins
Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (7.9) with operating gains in each of the last five years.
Other Rating Factors:
Superior liquidity (10.0) with ample operational cash flow and liquid investments. Good overall results on stability tests (6.4) despite. Stability strengths include good operational trends and good risk diversification.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (76.2%), common stock (16.0%), cash (0.6%), non investment grade bonds (0.2%), other (7.0%)
Corporate Info
Group Affiliation
Fire Districts of New York Mutual Ins Co Inc
Investment Rating
--
Company Address
One Blue Hill Plaza
Pearl River, NY 10965
Pearl River, NY 10965
Phone Number
(845) 352-8855
NAIC Number
37400
Website
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