Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Fair overall results on stability tests (3.3) including. The largest net exposure for one risk is excessive at 9.3% of capital. Good long-term capitalization index (6.9) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (47.4%), personal/comm auto (4.0%), farmowners (2.8%), fire (2.5%), work comp (2.1%), other (41.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.7%), cash (1.8%), other (1.5%)
Corporate Info
Group Affiliation
HDI Haftpflichtverband der Deutschen Industrie VaG
Investment Rating
--
Company Address
200 South Orange Avenue
Orlando, FL 32801
Orlando, FL 32801
Phone Number
(800) 214-2424
NAIC Number
12254
Website
Largest Affiliates