ASI Lloyds
Major Rating Factors:
Good long-term capitalization index (6.9 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2022. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level. Fair profitability index (3.9) with operating losses during 2020, 2021 and 2022. Average return on equity over the last five years has been poor at -9.3%.
Other Rating Factors:
Good liquidity (7.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Excellent overall results on stability tests (8.2). Stability strengths include excellent operational trends, good risk adjusted capital for prior years and excellent risk diversification.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (89.3%), fire (1.1%), other (9.6%)
Licensed in:
LA, TX
Principal Investments:
Investment grade bonds (100.0%)
Corporate Info
Group Affiliation
The Progressive Corporation
Investment Rating
Company Address
2 ASI Way, North
Saint Petersburg, FL 33702
Saint Petersburg, FL 33702
Phone Number
(727) 821-8765
NAIC Number
11059
Website
Largest Affiliates