Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall profitability index (5.1) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.9% over the past five years. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent liquidity (7.6) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with American Financial Group Inc, good operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AL, AR, FL, GA, IL, IN, KY, LA, MS, NC, OK, SC, TN, TX, VA
Principal Investments:
Investment grade bonds (60.1%), other (39.9%)
Corporate Info
Group Affiliation
American Financial Group Inc
Investment Rating
Company Address
117 North Massachusetts Avenue
Lakeland, FL 33801
Lakeland, FL 33801
Phone Number
(863) 665-6060
NAIC Number
10335
Website
Largest Affiliates