Responsive Auto Ins Co
Major Rating Factors:
A history of deficient reserves (1.1 on a scale of 0 to 10) that places pressure on both capital and profits. In four of the last five years reserves (two year development) were between 30.8% and 75.4% deficient. Fair long-term capitalization index (4.4) based on fair current risk adjusted capital (severe and moderate loss scenarios). Fair profitability index (3.0) with operating losses during 2021 and 2022. Return on equity has been fair, averaging 5.5% over the past five years.
Other Rating Factors:
Fair overall results on stability tests (4.1) including fair risk adjusted capital in prior years. Good liquidity (6.9) 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.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (73.6%), cash (25.6%), other (0.8%)
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
Largest Affiliates
No affiliate information available.