Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including. The largest net exposure for one risk is conservative at 1.4% of capital. Good overall profitability index (5.2). Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (83.8%), other (16.2%)
Licensed in:
SC
Principal Investments:
Investment grade bonds (81.4%), common stock (9.2%), cash (5.5%), non investment grade bonds (3.6%), preferred stock (0.3%)
Corporate Info
Group Affiliation
Cover Me Ins Agency Of NJ Inc
Investment Rating
--
Company Address
610 West Saint Georges Avenue
Linden, NJ 07036
Linden, NJ 07036
Phone Number
(908) 587-2500
NAIC Number
11197
Largest Affiliates