Major Rating Factors:
Weak profitability index (1.6 on a scale of 0 to 10) with operating losses during 2022 and 2023. Weak overall results on stability tests (1.9) including weak results on operational trends, lack of operational experience and fair risk adjusted capital in prior years. History of adequate reserve strength (5.2) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (93.8%), product liab. (3.3%), personal/comm auto (1.3%), other (1.6%)
Licensed in:
PR
Principal Investments:
Cash (28.2%), other (71.8%)
Corporate Info
Group Affiliation
Blitz Ins corp
Investment Rating
--
Company Address
1985 Cedar Bridge Avenue
Lakewood, NJ 08701
Lakewood, NJ 08701
Phone Number
(732) 367-0129
NAIC Number
17171
Website
Largest Affiliates