Founders Ins Co (NJ)
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10). Excellent expense controls. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.0) including excessive premium growth. Strengths include potentially strong support from affiliation with Pennsylvania National Mutual Casualty Ins Co.
Other Rating Factors:
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (73.3%), homeowners (25.1%), fire (0.4%), other (1.1%)
Licensed in:
NJ
Principal Investments:
Investment grade bonds (99.4%), other (0.6%)
Corporate Info
Group Affiliation
Pennsylvania National Mutual Casualty Ins Co
Investment Rating
--
Company Address
Two North Second Street
Harrisburg, PA 17101
Harrisburg, PA 17101
Phone Number
(717) 234-4941
NAIC Number
10994
Largest Affiliates