High Point P&C Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with small operating losses during 2024. Excellent expense controls. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.1). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NJ
Principal Investments:
Common stock (86.0%), investment grade bonds (11.1%), non investment grade bonds (2.8%)
Corporate Info
Group Affiliation
Palisades Safety and Ins Association
Investment Rating
--
Company Address
581 Main Street
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(732) 978-6000
NAIC Number
10930
Website
Largest Affiliates