ASI Home Ins Corp
Major Rating Factors:
History of adequate reserve strength (6.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.6) despite. Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification. Fair profitability index (4.3) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -4.9%.
Other Rating Factors:
Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2020. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (93.5%), fire (1.8%), other (4.7%)
Licensed in:
FL, GA
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
2 ASI Way North
Saint Petersburg, FL 33702
Saint Petersburg, FL 33702
Phone Number
(727) 821-8765
NAIC Number
11072
Website
Largest Affiliates