B
ASI Preferred Ins Corp
Rating Date
April 2025
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: History of adequate reserve strength (5.3 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors: Excellent overall results on stability tests (6.9) despite negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification. Weak profitability index (2.1) with operating losses during 2020, 2021 and 2022.
Stability Factors: F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (87.6%), fire (3.1%), other (9.3%)
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
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Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
PGR
Company Address
2 ASI Way North
Saint Petersburg, FL 33702
Phone Number
(727) 821-8765
NAIC Number
13142
Largest Affiliates
B
B
Mayfield, OH - P&C
B
B
B