Major Rating Factors:
A history of deficient reserves (2.3 on a scale of 0 to 10) that places pressure on both capital and profits. In 2025 and 2024 the one year reserve development was 53.1% and 59.3% deficient respectively. Weak profitability index (1.4) with operating losses during 2024 and 2025. Weak overall results on stability tests (0.7) including weak results on operational trends, negative cash flow from operations for 2025 and weak risk diversification. The largest net exposure for one risk is excessive at 22.5% of capital.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2024. Excellent liquidity (7.8) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
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Licensed in:
VT
Principal Investments:
Cash (100.0%)
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) 373-1113
NAIC Number
16699
Website
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Largest Affiliates
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