Major Rating Factors:
Fair profitability index (4.3 on a scale of 0 to 10) with operating losses during 2020, 2021, 2022 and 2023. Average return on equity over the last five years has been poor at -6.8%. Fair overall results on stability tests (3.4) including. The largest net exposure for one risk is excessive at 9.1% of capital. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Strong long-term capitalization index (7.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2021. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
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