FLORIDA PENINSULA INS CO
Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2018, 2019 and 2020. Average return on equity over the last five years has been poor at -1.5%. Fair overall results on stability tests (3.9) including weak results on operational trends and excessive premium growth.
Other Rating Factors:
Good overall long-term capitalization (5.8) based on good current risk adjusted capital (moderate loss scenario). However, capital levels have fluctuated somewhat during past years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (7.0) that can protect against increases in claims costs.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.8%), other (0.2%)
Licensed in:
FL, SC
Principal Investments:
Investment grade bonds (54.9%), common stock (22.8%), cash (17.3%), non investment grade bonds (0.8%), other (4.2%)
Corporate Info
Group Affiliation
Florida Peninsula Holdings LLC
Investment Rating
--
Company Address
903 NW 65th Street Suite 200
Boca Raton, FL 33487
Boca Raton, FL 33487
Phone Number
(414) 369-5033
NAIC Number
10132
Website
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