Major Rating Factors:
Weak overall results on stability tests (0.6 on a scale of 0 to 10) including weak results on operational trends, weak risk diversification and lack of operational experience. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.5) with operating losses during 2024 and the first three months of 2025.
Other Rating Factors:
Good long-term capitalization index (6.6) based on good current risk adjusted capital (severe loss scenarios). Moreover, capital levels have been consistent in recent years. Superior liquidity (10.0) 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:
Cash (100.0%)
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
17579
Website
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Largest Affiliates
No affiliate information available.