PEOPLES TRUST INS CO
Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) with operating losses during 2019 and 2020. Average return on equity over the last five years has been poor at -0.4%. Fair overall results on stability tests (3.7) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2022. The largest net exposure for one risk is conservative at 1.7% of capital.
Other Rating Factors:
Vulnerable liquidity (1.4) as a spike in claims may stretch capacity. Good overall long-term capitalization (6.8) based on good current risk adjusted capital (moderate loss scenario). However, capital levels have fluctuated somewhat during past years. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (65.4%), fire (26.7%), personal/comm auto (7.9%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (70.9%), common stock (14.2%), other (14.9%)