Lancer Ins Co of NJ
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4) including excessive premium growth. Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (7.7) with operating gains in each of the last five years. Excellent expense controls. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Personal/comm auto (97.5%), other (2.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (81.6%), cash (14.0%), other (4.4%)
Corporate Info
Group Affiliation
Core Specialty Ins Holdings Inc
Investment Rating
--
Company Address
370 West Park Avenue
Long Beach, NY 11561
Long Beach, NY 11561
Phone Number
(516) 431-4441
NAIC Number
37680
Website
Largest Affiliates