Lancer Ins Co
Major Rating Factors:
Good overall results on stability tests (6.5 on a scale of 0 to 10) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.2% of capital. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.6) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 12.9%. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (93.1%), other (6.9%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (97.9%), cash (1.3%), real estate (0.5%), other (0.2%)
Corporate Info
Group Affiliation
Core Specialty Ins Holdings Inc
Investment Rating
--
Company Address
370 West Park Avenue
Long Beach, NY 11561
Long Beach, NY 11561
Phone Number
(516) 431-4441
NAIC Number
26077
Website
Largest Affiliates