Ascendant Commercial Ins Inc
Major Rating Factors:
A history of deficient reserves (2.7 on a scale of 0 to 10) that places pressure on both capital and profits. In 2024 and 2025 the two year reserve development was 32.0% and 42.9% deficient respectively. Good long-term capitalization index (5.4) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2020. Good overall profitability index (6.2).
Other Rating Factors:
Good overall results on stability tests (5.3) despite weak risk adjusted capital in prior years. Stability strengths include excellent operational trends and good risk diversification. Excellent liquidity (8.4) 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 (68.3%), work comp (22.7%), other (9.0%)
Licensed in:
FL
Principal Investments:
Cash (90.4%), investment grade bonds (3.9%), preferred stock (2.0%), other (3.7%)
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.