Frank Winston Crum Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.8) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 25.1% and 73.7% deficient. Good overall profitability index (5.7) with operating gains in each of the last five years. Return on equity has been fair, averaging 8.4% over the past five years.
Other Rating Factors:
Good overall results on stability tests (6.1) despite weak risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.1% of capital. Stability strengths include good operational trends and good risk diversification. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (57.5%), other (42.5%)
Licensed in:
All states except AK, HI, MA, MN, ND, WA, WY
Principal Investments:
Investment grade bonds (82.2%), common stock (10.8%), cash (3.1%), non investment grade bonds (0.3%), other (3.6%)
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.