SafeChoice Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.2 on a scale of 0 to 10) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is conservative at 1.4% of capital. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall profitability index (6.5) despite operating losses during 2021, 2022 and 2023. Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (9.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
F - Negative cash flow.
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:
Homeowners (85.3%), fire (14.7%)
Licensed in:
NY
Principal Investments:
Cash (61.3%), investment grade bonds (33.8%), non investment grade bonds (0.2%), other (4.7%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
6320 Venture Drive
Lakewood Ranch, FL 34202
Lakewood Ranch, FL 34202
Phone Number
(941) 757-3991
NAIC Number
31399
Website
Largest Affiliates
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