Developers Surety & Indem Co
Major Rating Factors:
Strong long-term capitalization index (7.0 on a scale of 0 to 10) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level. Excellent liquidity (8.0) with ample operational cash flow and liquid investments.
Other Rating Factors:
Excellent overall results on stability tests (8.3). Stability strengths include excellent operational trends and excellent risk diversification. Fair profitability index (4.9) with operating losses during 2021, 2022, 2023 and the first three months of 2025. Average return on equity over the last five years has been poor at -0.4%.
Stability Factors:
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Work comp (48.8%), fin guar/surety (13.6%), comm multi (9.9%), personal/comm auto (6.4%), product liab. (1.0%), fire (1.0%), homeowners (0.2%), med mal (0.2%), other (18.8%)
Licensed in:
All states and GU, VI
Principal Investments:
Investment grade bonds (94.8%), common stock (4.1%), cash (1.1%)
Corporate Info
Group Affiliation
Evergreen Parent Gp LLC
Investment Rating
--
Company Address
903 Northwest 65th Street
Boca Raton, FL 33487
Boca Raton, FL 33487
Phone Number
(216) 328-6100
NAIC Number
12718
Website
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