Florida Peninsula Ins Co
Major Rating Factors:
Good overall profitability index (6.3 on a scale of 0 to 10) despite operating losses during 2019 and 2020. Return on equity has been low, averaging 4.6% over the past five years. Fair overall results on stability tests (4.1) including weak results on operational trends. Strong long-term capitalization index (7.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
Ample reserve history (9.5) that helps to protect the company against sharp claims increases. Excellent liquidity (8.3) 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 (98.6%), fire (1.3%)
Licensed in:
FL, SC
Principal Investments:
Investment grade bonds (40.3%), cash (28.0%), common stock (28.0%), preferred stock (0.6%), non investment grade bonds (0.3%), other (2.8%)
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
