Cypress P&C Ins Co
Major Rating Factors:
Good overall results on stability tests (5.8 on a scale of 0 to 10) despite excessive premium growth and good risk adjusted capital in prior years. The largest net exposure for one risk is high at 3.8% of capital. Stability strengths include excellent operational trends and good risk diversification. Fair profitability index (3.9) with operating losses during 2021 and 2022. Strong long-term capitalization index (7.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.2) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (84.1%), fire (6.4%), comm multi (0.3%), other (9.2%)
Licensed in:
FL, TX
Principal Investments:
Investment grade bonds (91.2%), other (8.8%)
Corporate Info
Group Affiliation
Milestone FS Insure LP
Investment Rating
--
Company Address
12926 Gran Bay Parkway West
Jacksonville, FL 32258
Jacksonville, FL 32258
Phone Number
(904) 992-4492
NAIC Number
10953
Website
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