FRANK WINSTON CRUM INS CO
Major Rating Factors:
Poor long-term capitalization index (1.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the good range over the last two years. A history of deficient reserves (1.2) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 58% and 25% deficeint.
Other Rating Factors:
Weak overall results on stability tests (1.8) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is conservative at 1.4% of capital. Excellent profitability (7.7) with operating gains in each of the last five years. Return on equity has been good over the last five years, averaging 12.8%. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (63.5%), other (36.5%)
Licensed in:
All states except AK, CA, HI, MA, MN, ND, WA, WY, PR
Principal Investments:
Investment grade bonds (73.8%), cash (14.7%), common stock (9.6%), non investment grade bonds (0.2%), other (1.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
100 South Missouri Avenue
CLEARWATER, FL 33756
CLEARWATER, FL 33756
Phone Number
(727) 799-1150
NAIC Number
11600
Website
Largest Affiliates
No affiliate information available.
