Third Coast Ins Co
Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good profitability index (4.9) with small operating losses during 2022. Excellent expense controls. Return on equity has been low, averaging 1.1% over the past five years. Good overall results on stability tests (6.1) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (44.1%), fire (32.4%), comm multi (0.2%), other (23.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (98.9%), cash (1.0%), non investment grade bonds (0.1%)
Corporate Info
Group Affiliation
Blue Cross Blue Shield of Michigan Mutual Ins Co
Investment Rating
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Company Address
15200 West Small Road
New Berlin, WI 53151
New Berlin, WI 53151
Phone Number
(262) 787-7701
NAIC Number
10713
Website
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