Lancer Ins Co
Major Rating Factors:
Good overall results on stability tests (6.9 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 (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Excellent profitability index (7.2). 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.
Principal Lines of Business:
Personal/comm auto (93.6%), other (6.4%)
Licensed in:
All states and PR
Principal Investments:
Investment grade bonds (98.2%), cash (0.7%), real estate (0.7%), other (0.5%)
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