Major Rating Factors:
Strong long-term capitalization index (9.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases. Excellent profitability index (8.6) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 12.1%.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Personal/comm auto (32.0%), comm multi (16.1%), work comp (12.8%), fire (7.2%), homeowners (4.5%), product liab. (0.3%), other (27.2%)
Licensed in:
CT, DE, MA, MD, ME, MO, NH, NJ, NY, PA, RI, VA, VT, WV
Principal Investments:
Investment grade bonds (75.8%), common stock (16.0%), non investment grade bonds (1.1%), cash (0.6%), real estate (0.4%), other (6.1%)
Corporate Info
Group Affiliation
Brookfield Wealth Solutions Ltd
Investment Rating
Company Address
344 Route 9W
Glenmont, NY 12077
Glenmont, NY 12077
Phone Number
(518) 431-5000
NAIC Number
13803
Website
Largest Affiliates