Major Rating Factors:
History of adequate reserve strength (5.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Excellent profitability index (8.5) with operating gains in each of the last five years.
Other Rating Factors:
Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.7). Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (83.9%), work comp (0.9%), personal/comm auto (0.2%), other (14.9%)
Licensed in:
All states except AK, CA, FL, HI, TX
Principal Investments:
Investment grade bonds (80.3%), common stock (15.4%), cash (1.1%), non investment grade bonds (0.3%), other (2.9%)
Corporate Info
Group Affiliation
Greater New York Group
Investment Rating
--
Company Address
350 Fifth Avenue
New York, NY 10118
New York, NY 10118
Phone Number
(212) 683-9700 1274
NAIC Number
22187
Website
Largest Affiliates