Major Rating Factors:
Strong long-term capitalization index (8.3 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (7.6). Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Good overall profitability index (5.2) with operating gains in each of the last five years. Return on equity has been low, averaging 3.8% over the past five years.
Stability Factors:
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (64.1%), homeowners (28.8%), comm multi (3.1%), fire (1.1%), other (3.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (53.0%), common stock (36.8%), real estate (3.3%), preferred stock (1.1%), other (5.9%)
Corporate Info
Group Affiliation
NYCM Ins Group
Investment Rating
--
Company Address
1899 Central Plaza, East
Edmeston, NY 13335
Edmeston, NY 13335
Phone Number
(607) 965-8321
NAIC Number
14834
Website
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