Sterling Ins Coop Inc
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Weak overall results on stability tests (2.9) including excessive premium growth. Strengths include potentially strong support from affiliation with Sterling Ins Co. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2019.
Other Rating Factors:
Excellent profitability index (9.8) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been excellent over the last five years averaging 38.4%. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
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 (40.1%), homeowners (37.5%), fire (15.4%), farmowners (0.1%), other (6.8%)
Licensed in:
NY
Principal Investments:
Cash (51.4%), investment grade bonds (11.8%), other (36.8%)
Corporate Info
Group Affiliation
Sterling Ins Co
Investment Rating
--
Company Address
182 Barnerville Road
Cobleskill, NY 12043
Cobleskill, NY 12043
Phone Number
(518) 234-2521
NAIC Number
10376
Website
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