Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent overall results on stability tests (7.0) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.5% of capital. Fair profitability index (4.8) with small operating losses during 2022, 2023 and the first six months of 2025. Return on equity has been low, averaging 1.8% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (81.4%), homeowners (15.0%), comm multi (1.5%), fire (0.5%), other (1.5%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (53.9%), common stock (36.5%), preferred stock (2.3%), other (7.3%)
Corporate Info
Group Affiliation
NYCM Ins Group
Investment Rating
--
Company Address
1899 Central Plaza, East
Edmeston, NY 13335
Edmeston, NY 13335
Phone Number
(607) 965-8321
NAIC Number
11105
Largest Affiliates