High Point Preferred Ins Co
Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.6) despite. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.6% of capital. 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.
Stability Factors:
Principal Lines of Business:
Homeowners (96.6%), fire (0.1%), other (3.2%)
Licensed in:
NJ, PA
Principal Investments:
Common stock (46.5%), investment grade bonds (41.5%), non investment grade bonds (11.9%)
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