Freedom Advantage Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.4 on a scale of 0 to 10) including fair risk adjusted capital in prior years. Good long-term capitalization index (6.0) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. Good overall profitability index (5.3) despite operating losses during 2021.
Other Rating Factors:
Good liquidity (6.5) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Ample reserve history (8.2) that helps to protect the company against sharp claims increases.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Homeowners (100.0%)
Licensed in:
PA
Principal Investments:
Common stock (65.4%), investment grade bonds (11.5%), cash (3.9%), other (19.3%)
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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