Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.3) despite. Stability strengths include good operational trends and good risk diversification. Fair profitability index (4.8) with operating losses during 2022.
Other Rating Factors:
Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (77.3%), homeowners (11.5%), fire (6.2%), farmowners (4.0%), other (1.0%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (65.3%), common stock (22.1%), cash (9.9%), real estate (1.1%), other (1.6%)
Corporate Info
Group Affiliation
Allegany Co-op & Conemaugh Valley Group
Investment Rating
--
Company Address
9 North Branch Road
Cuba, NY 14727
Cuba, NY 14727
Phone Number
(585) 968-1000
NAIC Number
16250
Website
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