Major Rating Factors:
Good long-term capitalization index (6.7 on a scale of 0 to 10) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (9.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (6.9) despite fair risk adjusted capital in prior years. Strengths include potentially strong support from affiliation with Universal Group Inc. Weak profitability index (2.3) with operating losses during each of the last five years. However, profits have turned positive in the first three months of 2025. Average return on equity over the last five years has been poor at -34.6%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (83.9%), fire (9.3%), comm multi (0.7%), other (6.1%)
Licensed in:
AZ, CA, CT, DE, FL, GA, HI, MD, NC, NJ, NV, NY, OR, PA, SC, TX, VA, WA
Principal Investments:
Investment grade bonds (75.5%), cash (9.6%), non investment grade bonds (3.6%), preferred stock (0.6%), other (10.7%)
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
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Corporate Info
Group Affiliation
Universal Group Inc
Investment Rating
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Company Address
101 Paramount Drive
Sarasota, FL 34232
Sarasota, FL 34232
Phone Number
(941) 378-8851
NAIC Number
10759
Website
Largest Affiliates