Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good long-term capitalization index (5.9) based on good current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent over the last several years. Weak overall results on stability tests (2.5) including excessive premium growth. Strengths include potentially strong support from affiliation with Union Mutual Fire Ins Co.
Other Rating Factors:
Excellent profitability index (8.4) with operating gains in each of the last five years. Excellent expense controls. 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.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (100.0%)
Licensed in:
NY
Principal Investments:
Cash (55.9%), investment grade bonds (37.1%), common stock (0.2%), other (6.8%)
Ratios
Premium to Surplus
--
Reserve to Surplus
--
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
--
Combined Ratio
--
Cash From Underwriting
Net Premium Growth
--
Investments in Affiliates
Corporate Info
Group Affiliation
Union Mutual Fire Ins Co
Investment Rating
--
Company Address
22 Century Hill Drive
Latham, NY 12110
Latham, NY 12110
Phone Number
(800) 300-5261
NAIC Number
10025
Website
Largest Affiliates