Great American Ins Co of NY
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9). Excellent expense controls. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Excellent liquidity (7.0) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (6.9) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with American Financial Group Inc, good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Comm multi (43.5%), personal/comm auto (27.2%), farmowners (5.7%), fire (2.0%), product liab. (0.2%), other (21.4%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (88.3%), preferred stock (2.0%), non investment grade bonds (1.8%), cash (1.0%), common stock (0.3%), other (6.6%)
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
Company Address
301 East Fourth Street
Cincinnati, OH 45202
Cincinnati, OH 45202
Phone Number
(513) 369-5000
NAIC Number
22136
Website
Largest Affiliates