Claverack Co-Operative Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range during the last year. Weak profitability index (0.6) with operating losses during each of the last five years. However, profits have turned positive in the first three months of 2025. Average return on equity over the last five years has been poor at -50.3%. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (0.5) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends. Fair reserve development (4.5) as reserves have generally been sufficient to cover claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (68.1%), homeowners (17.2%), farmowners (4.8%), fire (4.5%), other (5.5%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (83.5%), cash (12.2%), common stock (0.5%), other (3.8%)
Corporate Info
Group Affiliation
Mid-Hudson Co-Operative Ins Co
Investment Rating
--
Company Address
104A Bracken Road
Montgomery, NY 12549
Montgomery, NY 12549
Phone Number
(845) 457-5001
NAIC Number
43834
Website
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