Universal P&C Ins Co
Major Rating Factors:
A history of deficient reserves (1.5 on a scale of 0 to 10) that places pressure on both capital and profits. In the last five years, reserves (two year development) fluctuated between 29.1% and 88.5% deficient. Fair long-term capitalization index (4.0) based on fair current risk adjusted capital (severe loss scenarios). Fair profitability index (3.9) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
Fair liquidity (4.0) as cash resources may not be adequate to cover a spike in claims. Good overall results on stability tests (6.7) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (94.2%), fire (0.6%), other (5.2%)
Licensed in:
AL, DE, FL, GA, HI, IA, IL, IN, MA, MD, MI, MN, NC, NH, NJ, NY, PA, SC, TN, VA, WI
Principal Investments:
Investment grade bonds (71.8%), common stock (4.2%), real estate (1.9%), cash (0.5%), preferred stock (0.4%), other (21.4%)
Corporate Info
Group Affiliation
Universal Ins Holdings Inc
Investment Rating
Company Address
1110 West Commercial Boulevard
Fort Lauderdale, FL 33309
Fort Lauderdale, FL 33309
Phone Number
(954) 958-1200
NAIC Number
10861
Website
Largest Affiliates