F
UNITED P&C INS CO
Data as of
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NAIC
Classification
Risk Adjusted
Capital Ratio #1
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Risk Adjusted
Capital Ratio #2
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Loss
Ratio
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Total
Assets
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Capital
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Net
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (1.5 on a scale of 0 to 10) with operating losses during each of the last five years. Average return on equity over the last five years has been poor at -12.9%. Vulnerable liquidity (0.5) as a spike in claims may stretch capacity.
Other Rating Factors: Weak overall results on stability tests (2.8) including weak results on operational trends and negative cash flow from operations for 2021. The largest net exposure for one risk is conservative at 1.2% of capital. Fair reserve development (3.3) as reserves have generally been sufficient to cover claims. In 2020, the two year reserve development was 21% deficient. Good overall long-term capitalization (5.3) based on good current risk adjusted capital (moderate loss scenario). However, capital levels have fluctuated during prior years.
Stability Factors:
Principal Lines of Business: --
Licensed in: AL, CT, DE, FL, GA, LA, MD, MA, MS, NH, NJ, NY, NC, RI, SC, TX, VA
Principal Investments: --
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
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2-Year Reserve Development
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Expense Ratio
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Combined Ratio
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Cash From Underwriting
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Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
United Ins Holdings Corp
Investment Rating
Company Address
800 2nd Ave South
ST. PETERSBURG, FL 33701
Phone Number
(727) 895-7737
NAIC Number
10969
Largest Affiliates
D
ST. PETERSBURG, FL - P&C
C
ST. PETERSBURG, FL - P&C
C
JERICHO, NY - P&C
C
ST. PETERSBURG, FL - P&C
Weiss Ratings