Freedom Advantage Ins Co
Major Rating Factors:
Fair long-term capitalization index (4.6 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Fair profitability index (4.4) with operating losses during 2020, 2021 and the first six months of 2025. Return on equity has been low, averaging 0.2% over the past five years. Fair overall results on stability tests (3.4) including fair risk adjusted capital in prior years.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Excellent liquidity (7.3) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (85.4%), comm multi (14.8%)
Licensed in:
AK, PA
Principal Investments:
Common stock (61.5%), investment grade bonds (26.5%), cash (8.1%), other (3.9%)
Corporate Info
Group Affiliation
Wilmington Holdings GP LLC
Investment Rating
--
Company Address
1403 Silverside Road
Wilmington, DE 19810
Wilmington, DE 19810
Phone Number
(336) 501-6777
NAIC Number
11831
Website
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