B
Selective Ins Co of NY
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: History of adequate reserve strength (5.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors: Excellent profitability index (8.0). Excellent overall results on stability tests (7.8). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business: Personal/comm auto (26.5%), comm multi (6.4%), work comp (5.9%), fire (5.9%), product liab. (4.9%), homeowners (3.0%), fin guar/surety (0.6%), other (46.7%)
Licensed in: AZ, CO, ID, MA, ME, MI, NJ, NM, NY, PA, SC, UT, VT
Principal Investments: Investment grade bonds (84.7%), cash (2.4%), non investment grade bonds (0.1%), other (12.7%)
Ratios
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Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Selective Ins Group Inc
Investment Rating
Company Address
40 Wantage Avenue
Branchville, NJ 07890
Phone Number
(973) 948-3000
NAIC Number
13730
Largest Affiliates
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Branchville, NJ - P&C
B
Branchville, NJ - P&C
B
Branchville, NJ - P&C
B
Branchville, NJ - P&C
B
Branchville, NJ - P&C