Major Rating Factors:
Weak overall results on stability tests (0.0 on a scale of 0 to 10) including weak risk diversification. The largest net exposure for one risk is excessive at 31.6% of capital. Fair profitability index (4.8) with operating losses during 2020. Return on equity has been fair, averaging 8.4% over the past five years. History of adequate reserve strength (6.4) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
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:
Other (100%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (49.3%), cash (9.0%), common stock (6.4%), other (35.3%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1605 Main Street
Sarasota, FL 34236
Sarasota, FL 34236
Phone Number
(941) 373-1116
NAIC Number
16104
Website
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Largest Affiliates
No affiliate information available.