Major Rating Factors:
Weak overall results on stability tests (2.9 on a scale of 0 to 10) including negative cash flow from operations for 2024. The largest net exposure for one risk is excessive at 10.6% of capital. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (9.3) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent profitability index (7.8) despite modest operating losses during the first three months of 2025. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (44.4%), comm multi (13.4%), work comp (9.5%), fire (7.1%), homeowners (2.7%), other (22.9%)
Licensed in:
DE, MD, NJ, NY, PA, VT, WV
Principal Investments:
Investment grade bonds (96.2%), cash (3.0%), other (0.7%)
Corporate Info
Group Affiliation
Brookfield Wealth Solutions Ltd
Investment Rating
Company Address
344 Route Nine West
Glenmont, NY 12077
Glenmont, NY 12077
Phone Number
(518) 431-5000
NAIC Number
29963
Website
Largest Affiliates