Freedom Specialty Ins Co
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 overall results on stability tests (3.9) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2024. Good profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.4% over the past five years.
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. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (0.4%), other (99.6%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.8%), other (3.2%)
Corporate Info
Group Affiliation
Nationwide Mutual Group
Investment Rating
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Company Address
18700 North Hayden Road
Scottsdale, AZ 85255
Scottsdale, AZ 85255
Phone Number
(480) 365-4000
NAIC Number
22209
Website
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