B
Florida Peninsula Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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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
Phone Number
(877) 229-2244
NAIC Number
10132
Largest Affiliates
B
Boca Raton, FL - P&C
C
Boca Raton, FL - P&C