Major Rating Factors:
A history of deficient reserves (2.8 on a scale of 0 to 10). Underreserving can have an adverse impact on capital and profits. Deficiencies in the two year reserve development occurred in three of the previous five years and ranged between 17.4% and 51.8%. Weak profitability index (0.5) with operating losses during each of the last five years and the first six months of 2025. Average return on equity over the last five years has been poor at -120.9%. Fair overall results on stability tests (3.6) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
Good liquidity (5.0) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. 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 2023.
Stability Factors:
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (61.9%), comm multi (6.6%), fire (1.9%), other (29.6%)
Licensed in:
AL, FL, HI, LA, MA, MS, NC, OK, SC, TX
Principal Investments:
Cash (34.8%), common stock (21.1%), investment grade bonds (20.4%), real estate (7.6%), other (16.1%)
Corporate Info
Group Affiliation
HJJ Holdings LLC
Investment Rating
--
Company Address
4081 Lakewood Ranch Blvd.
Sarasota, FL 34240
Sarasota, FL 34240
Phone Number
(941) 870-0204
NAIC Number
12573
Website
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