ASI Preferred Ins Corp
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2021 and 2022. History of adequate reserve strength (6.6) as reserves have been consistently at an acceptable level. Good liquidity (5.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.4) despite. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.2% of capital. Strong long-term capitalization index (8.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (93.7%), fire (1.4%), other (4.9%)
Licensed in:
FL, MA
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
2 ASI Way North
Saint Petersburg, FL 33702
Saint Petersburg, FL 33702
Phone Number
(727) 821-8765
NAIC Number
13142
Website
Largest Affiliates