Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.5) that places pressure on both capital and profits. In four of the last five years, reserves (one year development) were between 29.4% and 123.8% deficient. Weak profitability index (2.7) with operating losses during 2021 and 2025.
Other Rating Factors:
Weak overall results on stability tests (2.8) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is acceptable at 2.3% of capital. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AL, AZ, IA, IL, IN, KY, LA, MT, NV, NY, OH, OR, TX, WI
Principal Investments:
Investment grade bonds (56.9%), cash (32.6%), other (10.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One Metrotech Center
Brooklyn, NY 11201
Brooklyn, NY 11201
Phone Number
(718) 215-5300
NAIC Number
10413
Website
Largest Affiliates
No affiliate information available.