B
Allegany Co-op Ins Co
CubaNY
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
Loading...
Major Rating Factors: Good overall profitability index (5.2 on a scale of 0 to 10). Strong long-term capitalization index (9.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (7.0) that can protect against increases in claims costs.
Other Rating Factors: Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair overall results on stability tests (3.7) including weak results on operational trends and excessive premium growth.
Stability Factors: R - Concerns about the financial strength of its reinsurers. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Comm multi (58.1%), homeowners (23.8%), farmowners (9.4%), fire (6.8%), other (1.9%)
Licensed in: NY
Principal Investments: Investment grade bonds (73.6%), common stock (16.8%), real estate (0.9%), other (8.8%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
Allegany Co-op & Conemaugh Valley Group
Investment Rating
--
Company Address
Nine North Branch Road
Cuba, NY 14727
Phone Number
(585) 968-1000
NAIC Number
30970
Largest Affiliates