Olympus Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (2.1) as a spike in claims may stretch capacity. History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall profitability index (6.3) despite operating losses during 2020. Good overall results on stability tests (5.8) despite excessive premium growth and weak risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (84.2%), fire (3.5%), other (12.4%)
Licensed in:
FL
Principal Investments:
Cash (78.7%), investment grade bonds (20.5%), common stock (0.6%), non investment grade bonds (0.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8375 Dix Ellis Trail
Jacksonville, FL 32256
Jacksonville, FL 32256
Phone Number
(561) 231-5600
NAIC Number
12954
Website
Largest Affiliates
No affiliate information available.