Emerald Bay Spclty Ins Co
Major Rating Factors:
Weak profitability index (2.5 on a scale of 0 to 10) with operating losses during 2024 and the first six months of 2025. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (2.9) including weak results on operational trends and lack of operational experience.
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. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (64.8%), fire (23.2%), homeowners (12.0%)
Licensed in:
AZ
Principal Investments:
Investment grade bonds (61.0%), common stock (17.0%), cash (12.4%), other (9.6%)
Corporate Info
Group Affiliation
Emerald Bay Risk Solutions
Investment Rating
--
Company Address
177 Madison Avenue
Morristown, NJ 07960
Morristown, NJ 07960
Phone Number
(862) 332-8050
NAIC Number
17527
Website
Largest Affiliates