Major Rating Factors:
History of adequate reserve strength (6.7 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.2) despite negative cash flow from operations for 2024. The largest net exposure for one risk is high at 3.1% of capital. 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.
Other Rating Factors:
Excellent liquidity (8.6) with ample operational cash flow and liquid investments. Fair profitability index (4.4) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -3.1%.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (67.7%), personal/comm auto (32.0%), other (0.4%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (94.4%), other (5.6%)
Corporate Info
Group Affiliation
The Travelers Companies Inc
Investment Rating
Company Address
One North Dale Mabry Highway
Tampa, FL 33609
Tampa, FL 33609
Phone Number
(813) 357-0200
NAIC Number
10647
Website
Largest Affiliates