Homestead Ins Co
Major Rating Factors:
Weak profitability index (2.0 on a scale of 0 to 10) with operating losses during 2022, 2023, 2024 and 2025. Vulnerable liquidity (2.3) as a spike in claims may stretch capacity. Weak overall results on stability tests (1.5) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2025.
Other Rating Factors:
Fair reserve development (4.3) as the level of reserves has at times been insufficient to cover claims. In 2024 and 2023 the two year reserve development was 36.1% and 38.4% deficient respectively. Good long-term capitalization index (6.0) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
DC, GA, LA, NJ, PA
Principal Investments:
Investment grade bonds (7.9%), cash (4.8%), other (87.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
50 South 16th Street
Philadelphia, PA 19102
Philadelphia, PA 19102
Phone Number
(215) 636-0660
NAIC Number
11460
Website
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