Palisades P&C Ins Co
Major Rating Factors:
Strong long-term capitalization index (9.4 on a scale of 0 to 10) 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. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.0) despite. The largest net exposure for one risk is conservative at 1.2% of capital. Fair profitability index (4.8) with operating gains in each of the last five years. Return on equity has been low, averaging 1.5% over the past five years.
Stability Factors:
Principal Lines of Business:
Homeowners (94.3%), work comp (0.1%), other (5.6%)
Licensed in:
(No states)
Principal Investments:
Common stock (49.0%), investment grade bonds (35.0%), non investment grade bonds (15.5%), other (0.5%)
Corporate Info
Group Affiliation
Palisades Safety and Ins Association
Investment Rating
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Company Address
581 Main Street
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(732) 978-6000
NAIC Number
10100
Website
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