E
PEOPLES TRUST INS CO
Boca Raton, FL
Data as of
September 30, 2020
NAIC
Classification
Property & Casualty
Risk Adjusted
Capital Ratio #1
0.70
Risk Adjusted
Capital Ratio #2
0.47
Loss
Ratio
70.80%
Total
Assets
261.33M
Capital
33.39M
Net
Premiums
59.77M
Net
Income
-45.49M
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Major Rating Factors: Weak profitability index (0.8 on a scale of 0 to 10) with operating losses during 2016 and the first nine months of 2020. Average return on equity over the last five years has been poor at -26.8%. Weak overall results on stability tests (2.0).
Other Rating Factors: Fair long-term capitalization index (3.7) based on weak current risk adjusted capital (severe loss scenario), although results have slipped from the good range during the last year. Good liquidity (5.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (8.5) that helps to protect the company against sharp claims increases.
Stability Factors: G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (73.7%), fire (26.3%)
Licensed in: FL
Principal Investments: Investment grade bonds (75.1%), common stock (8.8%), cash (1.1%), non investment grade bonds (0.3%), other (14.7%)
Ratios
Premium to Surplus
157.9%
Reserve to Surplus
101.7%
1-Year Reserve Development
-0.8%
2-Year Reserve Development
-2.6%
Expense Ratio
40.8%
Combined Ratio
111.6%
Cash From Underwriting
138.9%
Net Premium Growth
126.5%
Investments in Affiliates
0.0%
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
18 Peoples Trust Way
Deerfield Beach, FL 33441
Phone Number
(561) 988-9170
NAIC Number
13125
Largest Affiliates
No affiliate information available.
Weiss Ratings