Major Rating Factors:
Good overall profitability index (5.9 on a scale of 0 to 10) despite operating losses during 2021 and 2022. Good overall results on stability tests (6.4) despite. Stability strengths include good operational trends, good risk adjusted capital for prior years and excellent risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital. Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.1) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Fire (11.8%), personal/comm auto (6.4%), comm multi (5.4%), med mal (1.1%), other (75.3%)
Licensed in:
RI
Principal Investments:
Investment grade bonds (93.9%), cash (2.4%), preferred stock (1.2%), non investment grade bonds (0.4%), other (2.1%)
Corporate Info
Group Affiliation
CAN
Investment Rating
--
Company Address
1251 Avenue of the Americas
New York, NY 10020
New York, NY 10020
Phone Number
(646) 356-8101
NAIC Number
45055
Website
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