INTERBORO INS CO
Major Rating Factors:
Weak profitability index (1.6 on a scale of 0 to 10) with operating losses during 2018, 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -6.8%. Weak overall results on stability tests (2.9) including weak results on operational trends. The largest net exposure for one risk is excessive at 5.6% of capital.
Other Rating Factors:
Fair liquidity (3.1) as cash resources may not be adequate to cover a spike in claims. History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.2%), other (0.8%)
Licensed in:
AL, DC, LA, NY, SC
Principal Investments:
Investment grade bonds (77.8%), non investment grade bonds (0.2%), other (22.0%)
Corporate Info
Group Affiliation
United Insurance Holdings Corp
Investment Rating
Company Address
100 Jericho Quadrangle - Suite
JERICHO, NY 11753
JERICHO, NY 11753
Phone Number
(800) 861-4370x1476
NAIC Number
14311
Largest Affiliates
