Major Rating Factors:
Weak overall results on stability tests (1.8 on a scale of 0 to 10) including weak risk diversification, weak results on operational trends and lack of operational experience. The largest net exposure for one risk is excessive at 11.0% of capital. Good long-term capitalization index (6.5) based on fair current risk adjusted capital (moderate loss scenarios). Fair profitability index (3.0) with operating losses during 2023, 2024 and 2025.
Other Rating Factors:
History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
AL
Principal Investments:
Investment grade bonds (76.7%), common stock (11.7%), cash (10.5%), other (1.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1605 Main Street
Sarasota, FL 34236
Sarasota, FL 34236
Phone Number
(941) 373-1113
NAIC Number
16959
Website
Largest Affiliates
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