Major Rating Factors:
Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.2) with small operating losses during 2022 and 2023. Excellent expense controls. Good overall results on stability tests (6.4) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
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. Excellent liquidity (7.0) 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:
Personal/comm auto (65.0%), comm multi (19.2%), other (15.7%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.2%), cash (3.6%), other (0.2%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
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Company Address
199 Water Street
New York, NY 10038
New York, NY 10038
Phone Number
(646) 794-0500
NAIC Number
44768
Website
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Largest Affiliates