Selective Ins Co of NY
Major Rating Factors:
Strong long-term capitalization index (7.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (8.8) despite operating losses during the first nine months of 2024. Return on equity has been good over the last five years, averaging 10.7%.
Other Rating Factors:
Excellent liquidity (7.2) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Personal/comm auto (26.5%), work comp (6.9%), fire (5.9%), comm multi (5.4%), product liab. (5.0%), 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 (81.6%), cash (7.1%), non investment grade bonds (0.2%), other (11.1%)
Corporate Info
Group Affiliation
Selective Ins Group Inc
Investment Rating
Company Address
40 Wantage Avenue
Branchville, NJ 07890
Branchville, NJ 07890
Phone Number
(973) 948-3000
NAIC Number
13730
Website
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