High Point Preferred Ins Co
Major Rating Factors:
Fair profitability index (3.3 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -4.7%. Good long-term capitalization index (6.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (5.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.3) 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 2.3% of capital.
Stability Factors:
Principal Lines of Business:
Homeowners (96.2%), fire (0.2%), other (3.6%)
Licensed in:
(No states)
Principal Investments:
Common stock (45.5%), investment grade bonds (41.9%), non investment grade bonds (10.6%), other (2.0%)
Corporate Info
Group Affiliation
Palisades Safety and Ins Association
Investment Rating
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Company Address
581 Main Street
Woodbridge, NJ 07095
Woodbridge, NJ 07095
Phone Number
(732) 978-6000
NAIC Number
28959
Website
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Largest Affiliates