Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (4.9). Weak overall results on stability tests (2.3) including excessive premium growth, weak results on operational trends and lack of operational experience. Strengths include potentially strong support from affiliation with FCCI Mutual Ins Holding Co.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate 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:
Product liab. (15.9%), other (84.1%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (94.3%), other (5.7%)
Corporate Info
Group Affiliation
FCCI Mutual Ins Holding Co
Investment Rating
--
Company Address
6300 University Parkway
Sarasota, FL 34240
Sarasota, FL 34240
Phone Number
(800) 226-3224
NAIC Number
17602
Website
Largest Affiliates