Major Rating Factors:
Fair profitability index (4.6 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. Fair overall results on stability tests (3.6) including. The largest net exposure for one risk is excessive at 8.4% of capital. Good long-term capitalization index (6.8) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Comm multi (45.5%), farmowners (10.5%), personal/comm auto (4.1%), work comp (1.7%), fire (0.1%), other (38.2%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (96.5%), cash (1.6%), other (2.0%)
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