D
Tower Hill Prime Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Poor long-term capitalization index (2.3 on a scale of 0 to 10) based on weak current risk adjusted capital (severe loss scenarios), although results have slipped from the good range over the last two years. Weak profitability index (2.4) with operating losses during 2020, 2021, 2022 and 2023. Vulnerable liquidity (0.0) as a spike in claims may stretch capacity.
Other Rating Factors: Fair overall results on stability tests (3.6) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. The largest net exposure for one risk is high at 3.4% of capital. History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. F - Negative cash flow. L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (55.8%), comm multi (12.2%), fire (4.8%), other (27.2%)
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 (41.9%), non investment grade bonds (10.2%), common stock (0.1%), other (47.9%)
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
--
Company Address
7201 Northwest 11th Place
Gainesville, FL 32605
Phone Number
(352) 332-8800
NAIC Number
11027
Largest Affiliates
C
Gainesville, FL - P&C
D
Gainesville, FL - P&C