Florists Mutual Ins Co
Major Rating Factors:
History of adequate reserve strength (6.4 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (5.7) despite operating losses during 2024. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.6) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. 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.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
L - Past results on our liquidity tests.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (55.4%), work comp (38.0%), product liab. (0.9%), comm multi (0.2%), other (5.5%)
Licensed in:
All states except WY
Principal Investments:
Investment grade bonds (85.3%), common stock (5.1%), real estate (2.8%), other (6.9%)
Corporate Info
Group Affiliation
Sentry Mutual Holding Co
Investment Rating
--
Company Address
One Horticultural Lane
Edwardsville, IL 62025
Edwardsville, IL 62025
Phone Number
(715) 346-6000
NAIC Number
13978
Website
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