Major Rating Factors:
Fair long-term capitalization index (4.8 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Weak overall results on stability tests (2.1) including excessive premium growth and weak results on operational trends. Strengths include potentially strong support from affiliation with Union Mutual Fire Ins Co.
Other Rating Factors:
Excellent profitability index (7.7). Excellent expense controls. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Comm multi (100.0%)
Licensed in:
NY
Principal Investments:
Cash (62.9%), investment grade bonds (21.8%), common stock (0.2%), other (15.0%)
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