Major Rating Factors:
Weak profitability index (2.8 on a scale of 0 to 10) with operating losses during 2023 and the first three months of 2025. Weak overall results on stability tests (1.9) including weak results on operational trends, weak risk diversification and negative cash flow from operations for 2024. Fair reserve development (3.7) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Superior liquidity (9.5) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (223.3%), personal/comm auto (5.9%)
Licensed in:
DE
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
9075 Breakwater Drive
Naples, FL 34120
Naples, FL 34120
Phone Number
(248) 519-2300
NAIC Number
17373
Website
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Largest Affiliates
No affiliate information available.