Universal P&C Ins Co
Major Rating Factors:
A history of deficient reserves (1.2 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 64.0% deficient. Weak profitability index (2.5) with operating losses during each of the last five years. However, profits have turned positive in the first six months of 2024. Average return on equity over the last five years has been poor at -27.2%. Fair long-term capitalization index (3.1) based on fair current risk adjusted capital (severe and moderate loss scenarios).
Other Rating Factors:
Good liquidity (5.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (5.8) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital.
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 (94.6%), fire (0.6%), other (4.8%)
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 (74.3%), common stock (4.9%), real estate (2.3%), preferred stock (0.5%), other (17.9%)
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
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