Production (Stage)
Adirondack Ins Exchange
Major Rating Factors:
Poor long-term capitalization index (0.0 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 good range over the last two years. A history of deficient reserves (1.6) that places pressure on both capital and profits. In 2024 the one year reserve development was 229.0% deficient. Weak profitability index (0.0) with operating losses during 2021, 2022, 2023, 2024 and the first three months of 2025. Return on equity has been low, averaging 0.8% over the past five years.
Other Rating Factors:
Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years and weak results on operational trends. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
Principal Lines of Business:
Homeowners (61.1%), personal/comm auto (31.2%), fire (3.8%), other (3.9%)
Licensed in:
NY
Principal Investments:
Investment grade bonds (23.8%), common stock (2.3%), other (73.9%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
450 W. Hanes Mill Road
Winston-Salem, NC 27105
Winston-Salem, NC 27105
Phone Number
(800) 526-0332
NAIC Number
12583
Website
Largest Affiliates