Major Rating Factors:
Strong long-term capitalization index (7.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) that helps to protect the company against sharp claims increases. Excellent overall profitability index (7.0) with operating gains in each of the last five years. Return on equity has been excellent over the last five years averaging 40.3%.
Other Rating Factors:
Excellent liquidity (7.7) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (31.5%), personal/comm auto (0.5%), fin guar/surety (0.5%), fire (0.1%), other (67.3%)
Licensed in:
All states and Canada, PR, VI
Principal Investments:
Investment grade bonds (67.5%), non investment grade bonds (2.6%), cash (1.8%), preferred stock (1.7%), common stock (1.1%), other (25.4%)
Corporate Info
Group Affiliation
Assurant Inc
Investment Rating
Company Address
701 Waterford Way
Miami, FL 33126
Miami, FL 33126
Phone Number
(305) 253-2244
NAIC Number
10111
Website
Largest Affiliates