American Coastal Ins Co
Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2020 the two year reserve development was 18.0% deficient. Fair profitability index (3.5) with operating losses during 2020 and 2021. Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Excellent liquidity (7.4) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Other (100%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (70.7%), common stock (8.3%), cash (0.3%), non investment grade bonds (0.2%), other (20.4%)
Corporate Info
Group Affiliation
American Coastal Ins Corporation
Investment Rating
Company Address
570 Carillon Parkway
Saint Petersburg, FL 33716
Saint Petersburg, FL 33716
Phone Number
(727) 633-0851
NAIC Number
12968
Website
Largest Affiliates