C
PEOPLES TRUST INS CO
Rating Date
December 2023
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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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%)
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
18 Peoples Trust Way
Deerfield Beach, FL 33441
Phone Number
(561) 417-1112
NAIC Number
13125
Largest Affiliates
No affiliate information available.
Weiss Ratings