Safe Harbor Ins Co
Major Rating Factors:
History of adequate reserve strength (6.0 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.1) despite operating losses during 2021. Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification.
Other Rating Factors:
Strong long-term capitalization index (7.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent liquidity (8.2) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Homeowners (78.4%), fire (3.1%), other (18.5%)
Licensed in:
AL, FL, LA, MS, NC, SC, TX
Principal Investments:
Investment grade bonds (70.9%), cash (8.8%), preferred stock (4.9%), common stock (0.6%), non investment grade bonds (0.3%), other (14.5%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
Milo Family 2016 Appointed Trust
Investment Rating
--
Company Address
2549 Barrington Circle
Tallahassee, FL 32308
Tallahassee, FL 32308
Phone Number
(850) 386-1115
NAIC Number
12563
Website
Largest Affiliates