Finger Lakes F&C Co
Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.4) despite negative cash flow from operations for 2025. Stability strengths include excellent operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.6% of capital. Fair profitability index (3.8) with operating losses during 2022, 2023 and 2024.
Other Rating Factors:
Strong long-term capitalization index (8.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (47.4%), homeowners (28.1%), fire (11.3%), farmowners (7.4%), other (5.9%)
Licensed in:
NY
Principal Investments:
Common stock (46.8%), investment grade bonds (45.8%), cash (3.6%), preferred stock (1.6%), real estate (0.2%), other (2.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6905 NYS Route 227
Trumansburg, NY 14886
Trumansburg, NY 14886
Phone Number
(800) 724-4032
NAIC Number
43842
Website
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