Safe Harbor Ins Co
Major Rating Factors:
Good long-term capitalization index (6.8 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe loss scenarios) reflecting significant improvement over results in 2022. History of adequate reserve strength (5.9) as reserves have been consistently at an acceptable level. Good overall results on stability tests (6.3) despite fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.4% of capital.
Other Rating Factors:
Fair profitability index (4.4) with operating losses during 2020 and 2021. Excellent liquidity (7.7) 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 (79.2%), fire (2.9%), other (17.8%)
Licensed in:
AL, FL, LA, MS, NC, SC, TX
Principal Investments:
Investment grade bonds (67.8%), cash (12.8%), preferred stock (8.4%), non investment grade bonds (2.2%), common stock (0.8%), other (8.0%)
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
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Corporate Info
Group Affiliation
Milo Family 2016 Appointed Trust
Investment Rating
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Company Address
2549 Barrington Circle
Tallahassee, FL 32308
Tallahassee, FL 32308
Phone Number
(850) 386-1115
NAIC Number
12563
Website
Largest Affiliates