Florida Peninsula Ins Co
Major Rating Factors:
Good overall profitability index (6.7 on a scale of 0 to 10) despite operating losses during 2020. Fair overall results on stability tests (4.2) including excessive premium growth and weak results on operational trends. Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
Ample reserve history (9.6) that helps to protect the company against sharp claims increases. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (92.9%), fire (7.1%)
Licensed in:
FL, SC
Principal Investments:
Investment grade bonds (46.2%), common stock (30.2%), cash (21.4%), preferred stock (2.1%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Florida Peninsula Holdings LLC
Investment Rating
--
Company Address
903 Northwest 65th Street
Boca Raton, FL 33487
Boca Raton, FL 33487
Phone Number
(877) 229-2244
NAIC Number
10132
Website
Largest Affiliates