Production (Stage)
Standard & Preferred Ins Co
Major Rating Factors:
Weak overall results on stability tests (2.6 on a scale of 0 to 10) including weak risk adjusted capital in prior years and weak results on operational trends. Poor long-term capitalization index (1.7) based on fair current risk adjusted capital (severe loss scenarios). Fair profitability index (4.3) with operating losses during 2020 and 2021. Return on equity has been low, averaging 5.0% over the past five years.
Other Rating Factors:
History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
NY
Principal Investments:
Cash (85.0%), investment grade bonds (7.3%), common stock (1.4%), other (6.3%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Philipson Family LLC
Investment Rating
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Company Address
80-02 Kew Gardens Road
Kew Gardens, NY 11415
Kew Gardens, NY 11415
Phone Number
(212) 235-1231
NAIC Number
16265
Website
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Largest Affiliates