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 (1.6) based on weak current risk adjusted capital (severe loss scenarios). Fair profitability index (4.3) with operating losses during 2020 and 2021.
Other Rating Factors:
History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
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