Major Rating Factors:
Weak overall results on stability tests (0.9 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 excessive at 12.0% of capital. Fair long-term capitalization index (3.0) based on fair current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2024. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims.
Other Rating Factors:
Excellent profitability index (7.4). Excellent liquidity (8.8) 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.
R - Concerns about the financial strength of its reinsurers.
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
17660
Website
Largest Affiliates
No affiliate information available.