Cable Ins Co
Major Rating Factors:
Poor long-term capitalization index (0.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (1.0) that places pressure on both capital and profits. In 2024 and 2025 the two year reserve development was 41.4% and 112.7% deficient respectively. Weak overall results on stability tests (2.8) including weak risk adjusted capital in prior years and weak results on operational trends.
Other Rating Factors:
Fair profitability index (4.6) with operating losses during 2021, 2023 and 2024. Good liquidity (6.4) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
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:
Personal/comm auto (100.0%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (80.0%), common stock (14.0%), cash (5.9%), other (0.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
221 West Oakland Park Boulevard
Fort Lauderdale, FL 33311
Fort Lauderdale, FL 33311
Phone Number
(954) 563-3000
NAIC Number
16572
Website
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