Major Rating Factors:
Good overall profitability index (5.2 on a scale of 0 to 10) despite modest operating losses during the first three months of 2025. Return on equity has been low, averaging 4.4% over the past five years. Fair overall results on stability tests (3.7) including weak results on operational trends. Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.9) with ample operational cash flow and liquid investments.
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%)
Corporate Info
Group Affiliation
Allegany Co-op & Conemaugh Valley Group
Investment Rating
--
Company Address
Nine North Branch Road
Cuba, NY 14727
Cuba, NY 14727
Phone Number
(585) 968-1000
NAIC Number
30970
Website
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