Major Rating Factors:
Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Excellent overall results on stability tests (7.4). Stability strengths include excellent operational trends and excellent risk diversification. Good overall profitability index (5.0).
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (72.1%), comm multi (13.9%), work comp (13.1%), other (0.9%)
Licensed in:
DE, MD, NJ, OH, PA
Principal Investments:
Investment grade bonds (63.5%), common stock (32.2%), cash (1.6%), non investment grade bonds (0.5%), other (2.2%)
Corporate Info
Group Affiliation
Cumberland Ins Group
Investment Rating
--
Company Address
633 Shiloh Pike
Bridgeton, NJ 08302
Bridgeton, NJ 08302
Phone Number
(856) 451-4050
NAIC Number
10448
Website
Largest Affiliates