ASI Select Ins Corp
Major Rating Factors:
Good overall profitability index (5.8 on a scale of 0 to 10) despite operating losses during 2021 and 2022. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (7.5) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent overall results on stability tests (7.1). Stability strengths include excellent operational trends and excellent risk diversification.
Stability Factors:
Principal Lines of Business:
Homeowners (95.5%), fire (0.4%), other (4.0%)
Licensed in:
CA, DE, FL, IN, LA, NY
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
2 ASI Way N
Saint Petersburg, FL 33702
Saint Petersburg, FL 33702
Phone Number
(727) 821-8765
NAIC Number
14042
Website
Largest Affiliates