FDM Preferred Ins Co
Major Rating Factors:
Good overall profitability index (5.9 on a scale of 0 to 10) despite operating losses during 2024. Return on equity has been fair, averaging 8.8% over the past five years. Fair overall results on stability tests (4.2) including. Strengths include potentially strong support from affiliation with Fire Districts of New York Mutual Ins Co Inc. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Superior liquidity (9.2) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (82.8%), cash (6.1%), non investment grade bonds (0.7%), other (10.3%)
Corporate Info
Group Affiliation
Fire Districts of New York Mutual Ins Co Inc
Investment Rating
--
Company Address
One Blue Hill Plaza
Pearl River, NY 10965
Pearl River, NY 10965
Phone Number
(845) 352-8855
NAIC Number
13608
Website
Largest Affiliates