ASI Assurance Corp
Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Good overall results on stability tests (6.5) despite. Strong long-term capitalization index (9.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Homeowners (97.3%), fire (0.2%), other (2.4%)
Licensed in:
FL, MA
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
2 ASI Way N
Saint Petersburg, FL 33702
Saint Petersburg, FL 33702
Phone Number
(727) 821-8765
NAIC Number
12196
Website
Largest Affiliates