Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.9% over the past five years. Good overall results on stability tests (6.0) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
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:
Comm multi (97.2%), personal/comm auto (0.3%), work comp (0.2%), other (2.3%)
Licensed in:
CT, DC, DE, IL, IN, MA, MD, ME, MI, NH, NJ, NY, OH, PA, RI, TN, VA, WI
Principal Investments:
Investment grade bonds (97.9%), other (2.1%)
Corporate Info
Group Affiliation
Greater New York Group
Investment Rating
--
Company Address
350 Fifth Avenue
New York, NY 10118
New York, NY 10118
Phone Number
(212) 683-9700 1274
NAIC Number
11024
Website
Largest Affiliates