Major Rating Factors:
Poor long-term capitalization index (0.9 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Weak profitability index (2.3) with operating losses during each of the last five years and the first three months of 2025. Average return on equity over the last five years has been poor at -32.8%. Weak overall results on stability tests (0.0) including weak risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 40.6% of capital.
Other Rating Factors:
History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Other (100%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (75.6%), cash (22.2%), other (2.2%)
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
Milestone FS Insure LP
Investment Rating
--
Company Address
20860 North Tatum Boulevard
Phoenix, AZ 85050
Phoenix, AZ 85050
Phone Number
(480) 999-2663
NAIC Number
11145
Website
Largest Affiliates