North River Ins Co
Major Rating Factors:
Good long-term capitalization index (6.6 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2019. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (7.5) that can protect against increases in claims costs.
Other Rating Factors:
Excellent profitability index (8.6) with small operating losses during 2021. Excellent overall results on stability tests (8.8). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (11.6%), comm multi (6.3%), fire (6.3%), work comp (5.2%), fin guar/surety (3.5%), product liab. (3.3%), other (63.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (33.9%), common stock (25.6%), cash (6.0%), preferred stock (1.5%), non investment grade bonds (0.2%), other (32.7%)
Corporate Info
Group Affiliation
Fairfax Financial Holdings Limited
Investment Rating
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Company Address
305 Madison Avenue
Morristown, NJ 07960
Morristown, NJ 07960
Phone Number
(973) 490-6600
NAIC Number
21105
Website
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