The Philadelphia Contributions
Major Rating Factors:
Good liquidity (6.9 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (4.9) with small operating losses during 2022. Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (9.2) that helps to protect the company against sharp claims increases. Excellent overall results on stability tests (8.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (70.8%), fire (14.0%), other (15.2%)
Licensed in:
NJ, PA
Principal Investments:
Common stock (84.8%), investment grade bonds (3.8%), cash (0.9%), real estate (0.5%), other (10.1%)
Corporate Info
Group Affiliation
Philadelphia Contributionship Mutual Holding Co
Investment Rating
--
Company Address
210 South Fourth Street
Philadelphia, PA 19106
Philadelphia, PA 19106
Phone Number
(888) 627-1752
NAIC Number
17930
Website
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