Major Rating Factors:
Poor long-term capitalization index (1.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak overall results on stability tests (2.0) including excessive premium growth, weak results on operational trends and weak risk diversification. The largest net exposure for one risk is excessive at 9.1% of capital. Fair reserve development (4.1) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Excellent profitability index (8.1). Excellent liquidity (7.5) 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.
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 (58.3%), investment grade bonds (36.2%), common stock (4.2%), non investment grade bonds (1.1%), other (0.2%)
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
17660
Website
Largest Affiliates
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