Major Rating Factors:
Poor long-term capitalization index (2.2 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). A history of deficient reserves (0.6) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 33.7% and 99.0% deficient. Fair profitability index (4.8) with operating losses during 2021 and 2022.
Other Rating Factors:
Fair overall results on stability tests (3.0) including weak risk adjusted capital in prior years and negative cash flow from operations for 2025. Good liquidity (5.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
Principal Lines of Business:
Personal/comm auto (100.0%)
Licensed in:
AR, AZ, FL, GA, IA, ID, IN, KY, NE, NV, TN, WV
Principal Investments:
Investment grade bonds (54.8%), cash (15.6%), real estate (9.4%), non investment grade bonds (3.1%), common stock (2.8%), preferred stock (1.7%), other (12.5%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
1801 SW 3rd Avenue
Miami, FL 33129
Miami, FL 33129
Phone Number
(305) 442-2276
NAIC Number
32387
Website
Largest Affiliates
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