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 (4.8). Good overall results on stability tests (5.3) despite excessive premium growth and lack of operational experience. Other stability subfactors include potentially strong support from affiliation with FCCI Mutual Ins Holding Co, good operational trends and excellent risk diversification.
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 (9.2) 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.
Principal Lines of Business:
Product liab. (14.4%), comm multi (9.3%), other (76.2%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (87.5%), other (12.5%)
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