Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2022, 2024 and 2025. Fair overall results on stability tests (4.4) including excessive premium growth and negative cash flow from operations for 2025. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
CA, NY
Principal Investments:
Investment grade bonds (97.2%), cash (0.5%), other (2.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
220 White Plains Road
Tarrytown, NY 10591
Tarrytown, NY 10591
Phone Number
(914) 909-5357
NAIC Number
39187
Website
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Largest Affiliates
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