Hoxbridge Ins Co A RRG
Major Rating Factors:
Poor long-term capitalization index (0.5 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.4) that places pressure on both capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 43.7% and 1,053.5%. Weak profitability index (1.2) with operating losses during 2022 and 2023.
Other Rating Factors:
Weak overall results on stability tests (2.6) including excessive premium growth, weak results on operational trends and weak risk diversification. Excellent liquidity (7.5) 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:
HI
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
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Company Address
1843 Muirfield Lane
Painesville, OH 44077
Painesville, OH 44077
Phone Number
(440) 859-9090
NAIC Number
16759
Website
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Largest Affiliates
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