Citizens Property Ins Corp
Major Rating Factors:
Good long-term capitalization index (6.5 on a scale of 0 to 10) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the good range during the last year. Weak profitability index (2.3) with operating losses during 2022 and 2024. History of adequate reserve strength (6.7) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.6) despite weak results on operational trends and good risk adjusted capital in prior years.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (59.1%), fire (2.6%), other (38.3%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (84.0%), other (16.0%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2101 Maryland Circle
Tallahassee, FL 32303
Tallahassee, FL 32303
Phone Number
(850) 513-3700
NAIC Number
10064
Website
Largest Affiliates
No affiliate information available.