Tower Hill Prime Ins Co
Major Rating Factors:
Vulnerable liquidity (0.5 on a scale of 0 to 10) as a spike in claims may stretch capacity. Good long-term capitalization index (5.4) based on fair current risk adjusted capital (moderate loss scenarios), although results have slipped from the weak range during the last year. Fair profitability index (3.9) with operating losses during 2021, 2022 and 2023.
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.6) despite excessive premium growth and weak risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is acceptable at 2.4% of capital.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
Principal Lines of Business:
Homeowners (58.3%), comm multi (14.6%), fire (4.6%), other (22.6%)
Licensed in:
AL, AR, AZ, FL, GA, IL, IN, KY, LA, MI, MO, MS, NC, NM, NV, OH, PA, SC, TN, TX, UT, WI
Principal Investments:
Investment grade bonds (42.2%), cash (6.0%), common stock (0.1%), other (51.6%)
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
Shively Group
Investment Rating
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Company Address
7201 Northwest 11th Place
Gainesville, FL 32605
Gainesville, FL 32605
Phone Number
(352) 332-8800
NAIC Number
11027
Website
Largest Affiliates