Major Rating Factors: Strong long-term capitalization index (10.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Other Rating Factors: History of adequate reserve strength (5.8) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.5). The largest net exposure for one risk is conservative at 1.4% of capital. Fair profitability index (4.1) with operating losses during 2017 and 2018.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (69.5%), fire (1.8%), other (28.7%)
Licensed in: FL
Principal Investments: Other (100%)