American Mobile Ins Exchange
Major Rating Factors:
Weak profitability index (1.9 on a scale of 0 to 10) with operating losses during 2021, 2022, 2023, 2024 and the first six months of 2025. Weak overall results on stability tests (1.8) including weak results on operational trends and negative cash flow from operations for 2024. The largest net exposure for one risk is conservative at 1.9% of capital. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2023. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
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:
Homeowners (99.1%), fire (0.9%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (93.8%), cash (2.9%), preferred stock (0.2%), other (3.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6170 Central Avenue North
Saint Petersburg, FL 33707
Saint Petersburg, FL 33707
Phone Number
(727) 873-1447
NAIC Number
16883
Largest Affiliates
No affiliate information available.