B
Utica National Assurance Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Capital
Net
Premiums
Net
Income
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Major Rating Factors: Good liquidity (6.8 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors: Excellent profitability index (8.2). Excellent overall results on stability tests (6.9) despite. Strengths include potential support from affiliation with Utica National Ins Group.
Stability Factors:
Principal Lines of Business: Comm multi (43.1%), personal/comm auto (28.7%), work comp (11.4%), homeowners (8.9%), other (7.9%)
Licensed in: CT, GA, KS, MA, MD, NC, NH, NJ, NY, OH, PA, SC, TN, VA
Principal Investments: Investment grade bonds (94.9%), other (5.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Investments in Affiliates
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Corporate Info
Group Affiliation
Utica National Ins Group
Investment Rating
--
Company Address
180 Genesee Street
New Hartford, NY 13413
Phone Number
(800) 598-8422
NAIC Number
10687
Largest Affiliates
B
New Hartford, NY - P&C
B
Des Plaines, IL - P&C
B
New Hartford, NY - P&C
B
Columbus, OH - P&C
B
New Hartford, NY - P&C