E
ASI PREFERRED INS CORP
Data as of
September 30, 2022
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 reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4).
Other Rating Factors: Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.3) with ample operational cash flow and liquid investments. Weak profitability index (2.9) with operating losses during 2017, 2019, 2020 and the first six months of 2022. Average return on equity over the last five years has been poor at -7.6%.
Stability Factors: G - Fast asset or premium growth. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (81.1%), fire (3.8%), other (15.1%)
Licensed in: FL, MA
Principal Investments: Investment grade bonds (100.0%)
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
Progressive Corp
Investment Rating
PGR
Company Address
1 Asi Way
ST. PETERSBURG, FL 33702
Phone Number
(727) 821-8765
NAIC Number
13142
Largest Affiliates
B
CLEVELAND, OH - P&C
C
CLEVELAND, OH - P&C
B
CLEVELAND, OH - P&C
C
C
Weiss Ratings