Major Rating Factors:
Fair profitability index (4.7 on a scale of 0 to 10) with operating losses during 2022. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent overall results on stability tests (7.0). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (65.8%), personal/comm auto (26.2%), fire (6.6%), other (1.4%)
Licensed in:
VA
Principal Investments:
Investment grade bonds (60.1%), common stock (30.4%), real estate (2.1%), preferred stock (1.7%), non investment grade bonds (0.2%), other (5.5%)
Corporate Info
Group Affiliation
Northern Neck Ins Co
Investment Rating
--
Company Address
4981 Irvington Road
Irvington, VA 22480
Irvington, VA 22480
Phone Number
(804) 438-6611
NAIC Number
10196
Website
Largest Affiliates