Ascendant Commercial Ins Inc
Major Rating Factors:
Fair reserve development (3.3 on a scale of 0 to 10) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2024 the two year reserve development was 30.5% and 32.0% deficient respectively. Fair long-term capitalization index (4.4) based on good current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2019. Good profitability index (5.0).
Other Rating Factors:
Good overall results on stability tests (5.1) despite weak risk adjusted capital in prior years. Stability strengths include good operational trends and good risk diversification. The largest net exposure for one risk is conservative at 1.4% of capital. Excellent liquidity (8.1) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
Principal Lines of Business:
Personal/comm auto (66.0%), work comp (24.3%), other (9.7%)
Licensed in:
FL
Principal Investments:
Cash (75.0%), investment grade bonds (22.6%), preferred stock (2.2%), other (0.2%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2199 Ponce de Leon Boulevard
Coral Gables, FL 33134
Coral Gables, FL 33134
Phone Number
(305) 820-4360
NAIC Number
13683
Website
Largest Affiliates
No affiliate information available.