C
Tower Hill Ins Exchange
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair overall results on stability tests (4.1 on a scale of 0 to 10) including weak results on operational trends, negative cash flow from operations for 2024 and lack of operational experience. Weak profitability index (2.4) with operating losses during 2021, 2022, 2023 and 2024. Vulnerable liquidity (2.7) as a spike in claims may stretch capacity.
Other Rating Factors: History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (8.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Stability Factors: E - Lack of operating experience. F - Negative cash flow. L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (79.3%), fire (2.6%), other (18.1%)
Licensed in: FL
Principal Investments: Investment grade bonds (44.2%), other (55.8%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
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Corporate Info
Group Affiliation
Shively Group
Investment Rating
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Company Address
7201 NW 11th Place
Gainesville, FL 32605
Phone Number
(800) 509-1592
NAIC Number
17179
Largest Affiliates
D
Gainesville, FL - P&C
D
Gainesville, FL - P&C