Patriot Select P&C Ins Co
Major Rating Factors:
Weak profitability index (0.9 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023 and 2024. Fair overall results on stability tests (3.8) including excessive premium growth and weak risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.5% of capital. Strong long-term capitalization index (9.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios).
Other Rating Factors:
Ample reserve history (7.5) that can protect against increases in claims costs. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (81.4%), cash (18.4%), other (0.2%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
100 2nd Ave South
Saint Petersburg, FL 33710
Saint Petersburg, FL 33710
Phone Number
(727) 201-4758
NAIC Number
15617
Website
Largest Affiliates
No affiliate information available.