Major Rating Factors:
Weak overall results on stability tests (2.2 on a scale of 0 to 10) including weak results on operational trends and lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.7) with operating losses during 2024.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. 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 (66.0%), product liab. (8.6%), fire (0.1%), other (25.3%)
Licensed in:
AZ
Principal Investments:
Cash (80.3%), investment grade bonds (3.0%), other (16.7%)
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
17480
Website
Largest Affiliates