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 (5.0) with small operating losses during 2020 and 2024. Excellent expense controls. Good overall results on stability tests (5.2) despite excessive premium growth and negative cash flow from operations for 2024.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
NJ
Principal Investments:
Common stock (85.5%), investment grade bonds (10.5%), non investment grade bonds (2.8%), other (1.2%)
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