Palisades P&C Ins Co
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10). Strong long-term capitalization index (9.4) 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.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.0) despite. The largest net exposure for one risk is conservative at 1.2% of capital.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Homeowners (94.3%), work comp (0.1%), other (5.6%)
Licensed in:
NJ, NY, PA
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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Largest Affiliates