Major Rating Factors:
Fair overall results on stability tests (3.1 on a scale of 0 to 10) including weak results on operational trends and negative cash flow from operations for 2024. Good overall profitability index (6.7). Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (9.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (36.2%), farmowners (28.0%), homeowners (25.9%), fire (7.4%), other (2.6%)
Licensed in:
PA
Principal Investments:
Investment grade bonds (72.3%), common stock (14.2%), other (13.4%)
Corporate Info
Group Affiliation
Allegany Co-op & Conemaugh Valley Group
Investment Rating
--
Company Address
334 Budfield Street
Johnstown, PA 15904
Johnstown, PA 15904
Phone Number
(800) 333-1679
NAIC Number
16985
Website
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