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 overall profitability index (6.6). Excellent expense controls. Good overall results on stability tests (5.3) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with Chase Family Ltd, good operational trends and good risk diversification.
Other Rating Factors:
Strong long-term capitalization index (9.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (37.3%), comm multi (26.1%), fire (12.5%), other (24.1%)
Licensed in:
(No states)
Principal Investments:
Common stock (49.1%), investment grade bonds (25.6%), cash (24.5%), other (0.8%)
Corporate Info
Group Affiliation
Chase Family Ltd
Investment Rating
--
Company Address
823 Washington Avenue
Albany, NY 12206
Albany, NY 12206
Phone Number
(254) 759-3727
NAIC Number
11496
Website
Largest Affiliates