Responsive Auto Ins Co
Major Rating Factors:
A history of deficient reserves (1.3 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. In the last five years, reserves (two year development) fluctuated between 30.8% and 75.4% deficient. Fair long-term capitalization index (3.6) based on fair current risk adjusted capital (severe and moderate loss scenarios). Fair profitability index (2.9) with operating losses during 2021 and 2022.
Other Rating Factors:
Fair overall results on stability tests (4.1) including fair risk adjusted capital in prior years. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (68.4%), cash (30.7%), other (0.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
8151 Peters Road
Plantation, FL 33324
Plantation, FL 33324
Phone Number
(954) 436-8800
NAIC Number
13131
Website
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