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 30.8% of capital. Good overall profitability index (6.4). Excellent expense controls. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (9.8) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Other (100%)
Licensed in:
NC
Principal Investments:
Investment grade bonds (37.7%), common stock (8.1%), cash (1.6%), other (52.6%)
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
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