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. Fair overall results on stability tests (3.0) including excessive premium growth. Strengths include potentially strong support from affiliation with Sterling Ins Co. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
Excellent profitability index (9.9) 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 31.2%. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (41.2%), comm multi (36.8%), fire (15.2%), other (6.8%)
Licensed in:
NY
Principal Investments:
Cash (27.5%), investment grade bonds (9.9%), other (62.6%)
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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