Major Rating Factors:
Weak overall results on stability tests (1.2 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is conservative at 1.7% of capital. Fair long-term capitalization index (4.4) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Fair profitability index (4.0) with operating losses during 2024. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
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.
F - Negative cash flow.
G - Fast asset or premium growth.
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
--
Largest Affiliates
There are no affiliate to display.