First Indemnity of Am Ins Co
Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Good overall profitability index (6.2) despite operating losses during 2025. Fair reserve development (4.6) as reserves have generally been sufficient to cover claims. In 2025 the two year reserve development was 20.4% deficient.
Other Rating Factors:
Fair overall results on stability tests (4.5) including. The largest net exposure for one risk is acceptable at 2.8% of capital. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fin guar/surety (100.0%)
Licensed in:
AL, DE, FL, GA, MD, MT, NC, NJ, NY, OK, PA, SC, TN, TX, VA, WV
Principal Investments:
Investment grade bonds (86.6%), non investment grade bonds (5.2%), real estate (3.0%), cash (2.3%), other (3.0%)
Corporate Info
Group Affiliation
Palomar Holdings Inc
Investment Rating
Company Address
2740 State Route 10 West
Morris Plains, NJ 07950
Morris Plains, NJ 07950
Phone Number
(973) 402-1200
NAIC Number
38326
Website
Largest Affiliates