Mid-Hudson Co-Operative Ins Co
Major Rating Factors:
Good long-term capitalization index (5.9 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. Fair reserve development (4.2) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 25.6% deficient. Fair profitability index (3.4) with operating losses during 2021 and 2022.
Other Rating Factors:
Weak overall results on stability tests (2.8) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 11.0% of capital. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (46.7%), fire (32.6%), homeowners (12.6%), farmowners (3.4%), other (4.7%)
Licensed in:
DE, IL, IN, NY
Principal Investments:
Investment grade bonds (72.2%), common stock (11.6%), cash (4.6%), non investment grade bonds (1.2%), real estate (0.5%), other (10.0%)
Corporate Info
Group Affiliation
Mid-Hudson Co-Operative Ins Co
Investment Rating
--
Company Address
104 Bracken Road
Montgomery, NY 12549
Montgomery, NY 12549
Phone Number
(845) 457-5001
NAIC Number
35866
Website
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