Manatee Ins Exchange
Major Rating Factors:
Fair reserve development (4.1 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.4) including weak results on operational trends and lack of operational experience. The largest net exposure for one risk is conservative at 1.1% of capital. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (9.6). Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (67.3%), fire (3.4%), comm multi (1.5%), other (27.8%)
Licensed in:
FL
Principal Investments:
Cash (83.6%), other (16.4%)
Corporate Info
Group Affiliation
Safepoint Holdings Inc
Investment Rating
--
Company Address
12640 Telecom Drive
Temple Terrace, FL 33637
Temple Terrace, FL 33637
Phone Number
(813) 651-3400
NAIC Number
17580
Website
Largest Affiliates