Standard & Preferred Ins Co
Major Rating Factors:
Fair long-term capitalization index (3.7 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios). Fair profitability index (3.6) with operating losses during 2019, 2020 and 2021. Return on equity has been low, averaging 0.5% over the past five years. Fair overall results on stability tests (4.4) including weak risk adjusted capital in prior years.
Other Rating Factors:
History of adequate reserve strength (5.4) as reserves have been consistently at an acceptable level. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NY
Principal Investments:
Cash (95.2%), common stock (2.5%), investment grade bonds (0.2%), other (2.1%)
Corporate Info
Group Affiliation
Philipson Family LLC
Investment Rating
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Company Address
80-02 Kew Gardens Road
Kew Gardens, NY 11415
Kew Gardens, NY 11415
Phone Number
(212) 235-1231
NAIC Number
16265
Website
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Largest Affiliates