Major Rating Factors:
Fair profitability index (3.6 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Good liquidity (6.1) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.5) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.0% of capital.
Other Rating Factors:
Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
Principal Lines of Business:
Homeowners (83.4%), fire (10.3%), comm multi (0.7%), other (5.6%)
Licensed in:
AZ, CA, CT, DE, FL, GA, HI, MD, NC, NJ, NV, NY, OR, PA, SC, TX, VA, WA
Principal Investments:
Investment grade bonds (64.7%), cash (10.9%), common stock (5.0%), non investment grade bonds (4.4%), preferred stock (0.5%), other (14.5%)
Corporate Info
Group Affiliation
Universal Group Inc
Investment Rating
--
Company Address
101 Paramount Drive
Sarasota, FL 34232
Sarasota, FL 34232
Phone Number
(941) 378-8851
NAIC Number
10759
Website
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