Major Rating Factors:
Weak overall results on stability tests (2.5 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2025.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Superior liquidity (9.4) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (33.7%), other (66.3%)
Licensed in:
FL
Principal Investments:
Cash (2.1%), other (97.9%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1 N. Dale Mabry Hwy.
Tampa, FL 33609
Tampa, FL 33609
Phone Number
(305) 200-8800
NAIC Number
17811
Website
Largest Affiliates
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