PURE Ins Co
Major Rating Factors:
Weak profitability index (1.5 on a scale of 0 to 10) with operating losses during 2021, 2023 and 2024. History of adequate reserve strength (5.6) as reserves have been consistently at an acceptable level. Good overall results on stability tests (5.7) despite negative cash flow from operations for 2025 and fair risk adjusted capital in prior years.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (82.4%), cash (1.7%), other (16.0%)
Corporate Info
Group Affiliation
Tokio Marine Holdings Inc
Investment Rating
--
Company Address
44 South Broadway
White Plains, NY 10601
White Plains, NY 10601
Phone Number
(914) 255-5755
NAIC Number
13204
Website
Largest Affiliates