Cable Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.4 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (2.4) that places pressure on both capital and profits. In 2024 the one year reserve development was 60.0% deficient. Weak overall results on stability tests (2.7) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is conservative at 1.2% of capital.
Other Rating Factors:
Fair profitability index (3.2) with operating losses during 2020, 2021, 2023 and 2024. Average return on equity over the last five years has been poor at -5.8%. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
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 (59.8%), cash (29.8%), common stock (10.2%), other (0.2%)
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
Largest Affiliates
No affiliate information available.