Major Rating Factors:
Strong long-term capitalization index (8.1 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Furthermore, this high level of risk adjusted capital has been consistently maintained in previous years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (7.7) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.8). Stability strengths include excellent operational trends and excellent risk diversification. Good overall profitability index (6.8) with operating gains in each of the last five years. Return on equity has been fair, averaging 5.9% over the past five years.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (35.7%), comm multi (19.5%), work comp (13.6%), fin guar/surety (4.9%), product liab. (2.6%), fire (1.9%), other (21.8%)
Licensed in:
All states except AK, CA, HI, MN, NY
Principal Investments:
Investment grade bonds (64.4%), common stock (18.9%), non investment grade bonds (11.4%), real estate (0.9%), cash (0.5%), other (4.0%)
Corporate Info
Group Affiliation
FCCI Mutual Ins Holding Co
Investment Rating
--
Company Address
6300 University Parkway
Sarasota, FL 34240
Sarasota, FL 34240
Phone Number
(941) 907-3224
NAIC Number
10178
Website
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