Major Rating Factors:
Good overall profitability (5.3 on a scale of 0 to 10) despite operating losses during 2022. Good overall results on stability tests (5.8). Stability strengths include excellent operational trends and good risk diversification. Fair quality investment portfolio (4.4) with large holdings of BBB rated bonds in addition to junk bond exposure equal to 67% of capital.
Other Rating Factors:
Strong capitalization (7.3) based on excellent risk adjusted capital (severe loss scenario). Excellent Liquidity (7.2).
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
I - Past results on our Investment Safety Index.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
All states except NY, VT, PR
Investments
Invested Assets
Cash
CMO & Structured Securities
Other Investment Grade Bonds
Non-Investment Grade Bonds
Common & Preferred Stock
Mortgages in Good Standing
Non-Performing Mortgages
Real Estate
Other Investments
Investments in Affiliates
Corporate Info
Group Affiliation
AMFI Corp
Investment Rating
--
Company Address
500 So Palafox St Ste 200
Pensacola, FL 32502
Pensacola, FL 32502
Phone Number
(850) 456-7401
NAIC Number
60429
Website
Largest Affiliates