Finger Lakes F&C Co
Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.3) despite. Stability strengths include excellent operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital. Fair profitability index (3.7) with operating losses during 2022, 2023, 2024 and the first six months of 2025. Average return on equity over the last five years has been poor at -0.1%.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
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:
Comm multi (48.3%), homeowners (26.7%), fire (11.6%), farmowners (7.1%), other (6.4%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (48.4%), common stock (44.2%), cash (3.6%), preferred stock (2.2%), real estate (0.2%), other (1.4%)
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
Largest Affiliates
No affiliate information available.