Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and the first three months of 2025. Return on equity has been low, averaging 0.7% over the past five years. Fair overall results on stability tests (3.9) including weak results on operational trends and negative cash flow from operations for 2024. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
Ample reserve history (7.2) that can protect against increases in claims costs. Superior liquidity (9.6) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (45.7%), homeowners (27.5%), comm multi (5.6%), fire (1.8%), other (19.4%)
Licensed in:
(No states)
Principal Investments:
Common stock (59.8%), cash (28.8%), investment grade bonds (11.2%), other (0.2%)
Corporate Info
Group Affiliation
R&Q Ins Holdings Ltd
Investment Rating
--
Company Address
4798 New Broad Street
Orlando, FL 32814
Orlando, FL 32814
Phone Number
(407) 629-2131
NAIC Number
16835
Website
Largest Affiliates