Major Rating Factors:
Fair overall results on stability tests (4.3 on a scale of 0 to 10) including weak results on operational trends, negative cash flow from operations for 2025 and excessive premium growth. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (7.6) despite operating losses during 2021. Excellent expense controls. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (51.8%), homeowners (9.3%), fire (1.1%), med mal (0.4%), comm multi (0.1%), other (37.2%)
Licensed in:
All states except NY
Principal Investments:
Investment grade bonds (42.8%), cash (0.1%), other (57.1%)
Corporate Info
Group Affiliation
MS&AD Ins Group Holdings Inc
Investment Rating
--
Company Address
15 Independence Boulevard
Warren, NJ 07059
Warren, NJ 07059
Phone Number
(609) 250-7841
NAIC Number
21075
Website
Largest Affiliates