Palisades Ins Co
Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Superior liquidity (9.1) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.2). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Personal/comm auto (99.9%)
Licensed in:
CT, NH, NJ, NY, PA
Principal Investments:
Investment grade bonds (53.6%), common stock (30.0%), non investment grade bonds (16.2%), other (0.2%)
Corporate Info
Group Affiliation
Palisades Safety and Ins Association
Investment Rating
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Company Address
581 Main Street
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(732) 978-6000
NAIC Number
10791
Website
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Largest Affiliates