Major Rating Factors:
Fair overall results on stability tests (3.6 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 8.4% of capital. Strengths include potentially strong support from affiliation with Iron Family Holdings LLC. Weak profitability index (2.7) with operating losses during each of the last five years and the first six months of 2025. Average return on equity over the last five years has been poor at -10.1%. Good long-term capitalization index (5.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
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:
Homeowners (99.4%), other (0.6%)
Licensed in:
AL, DC, LA, NY, SC
Principal Investments:
Investment grade bonds (64.6%), other (35.4%)
Corporate Info
Group Affiliation
Iron Family Holdings LLC
Investment Rating
--
Company Address
100 Jericho Quadrangle
Jericho, NY 11753
Jericho, NY 11753
Phone Number
(850) 364-1126
NAIC Number
14311
Largest Affiliates