Major Rating Factors:
Fair overall results on stability tests (4.4 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 6.6% 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. However, profits have turned positive in the first three months of 2025. Average return on equity over the last five years has been poor at -10.1%. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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