Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) including excessive premium growth. History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Good overall profitability index (5.0) with small operating losses during 2022 and 2024. Excellent expense controls. Return on equity has been low, averaging 3.3% over the past five years.
Other Rating Factors:
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. 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
CA, NY
Principal Investments:
Investment grade bonds (95.7%), cash (0.4%), other (3.9%)
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
No affiliate information available.