Major Rating Factors:
Weak overall results on stability tests (2.1 on a scale of 0 to 10) including excessive premium growth and weak risk diversification. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with small operating losses during 2024. Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Reinsurance (100.0%)
Licensed in:
OH, PA
Principal Investments:
Investment grade bonds (96.7%), other (3.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 SE 2nd Street
Miami, FL 33131
Miami, FL 33131
Phone Number
(954) 951-4333
NAIC Number
10195
Website
Largest Affiliates
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