EDISON INS CO
Major Rating Factors:
Weak profitability index (2.9 on a scale of 0 to 10) with operating losses during 2017, 2018, 2019 and 2020. Average return on equity over the last five years has been poor at -11.4%. Weak overall results on stability tests (2.2) including excessive premium growth.
Other Rating Factors:
Good long-term capitalization (5.2) based on good current risk adjusted capital (severe loss scenario) reflecting some improvement over results in 2021. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.5) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.5%), other (0.5%)
Licensed in:
FL, NJ
Principal Investments:
Investment grade bonds (66.0%), cash (28.5%), other (5.5%)
Corporate Info
Group Affiliation
Florida Peninsula Holdings LLC
Investment Rating
--
Company Address
903 NW 65th Street Suite 200
Boca Raton, FL 33487
Boca Raton, FL 33487
Phone Number
(877) 229-2244
NAIC Number
12482
Website
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