Florists Ins Co
Major Rating Factors:
Good profitability index (4.9 on a scale of 0 to 10) 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. Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.0) including excessive premium growth and negative cash flow from operations for 2024. Strengths include potentially strong support from affiliation with Sentry Mutual Holding Co.
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. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Work comp (23.0%), product liab. (9.1%), fire (3.6%), other (64.3%)
Licensed in:
FL, GA, IL, MD, NY, PA, VA, WI
Principal Investments:
Investment grade bonds (96.1%), other (3.9%)
Corporate Info
Group Affiliation
Sentry Mutual Holding Co
Investment Rating
--
Company Address
One Horticultural Lane
Edwardsville, IL 62025
Edwardsville, IL 62025
Phone Number
(715) 346-6000
NAIC Number
33278
Website
Largest Affiliates