Major Rating Factors:
Poor long-term capitalization index (0.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range during the last year. A history of deficient reserves (2.8) that places pressure on both capital and profits. In 2025 the two year reserve development was 43.7% deficient. Weak profitability index (2.9) with operating losses during 2022 and 2025.
Other Rating Factors:
Weak overall results on stability tests (2.2) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is high at 3.5% of capital. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
G - Fast asset or premium growth.
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 (100.0%)
Licensed in:
AL
Principal Investments:
Investment grade bonds (52.4%), cash (14.1%), common stock (5.6%), non investment grade bonds (1.7%), other (26.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1605 Main Street
Sarasota, FL 34236
Sarasota, FL 34236
Phone Number
(800) 226-0793
NAIC Number
17328
Website
Largest Affiliates
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