Ascendant Commercial Ins Inc
Major Rating Factors:
Good long-term capitalization index (6.6 on a scale of 0 to 10) based on good current risk adjusted capital (moderate loss scenarios), although results have slipped from the fair range during the last year. Fair reserve development (3.8) as the level of reserves has at times been insufficient to cover claims. In 2020 and 2019 the two year reserve development was 30.5% and 33.2% deficient respectively. Fair profitability index (4.4) with operating gains in each of the last five years. Return on equity has been fair, averaging 9.8% over the past five years.
Other Rating Factors:
Fair overall results on stability tests (4.6) including weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.7% of capital. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Personal/comm auto (58.4%), work comp (32.1%), other (9.5%)
Licensed in:
FL
Principal Investments:
Cash (79.4%), investment grade bonds (19.7%), other (0.9%)
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.
