B
AUTO CLUB INS CO OF FL
TampaFL
Data as of
June 30, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Fair reserve development (4.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair profitability index (3.6) with operating losses during 2017, 2020 and the first six months of 2022. Average return on equity over the last five years has been poor at -0.8%.
Other Rating Factors: Fair liquidity (4.9) as cash resources may not be adequate to cover a spike in claims. Fair overall results on stability tests (4.0). Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors: L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Homeowners (50.8%), personal/comm auto (47.7%), other (1.5%)
Licensed in: FL
Principal Investments: Investment grade bonds (72.3%), common stock (10.8%), other (16.9%)
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
Auto Club Enterprises Ins Group
Investment Rating
--
Company Address
9125 Henderson Road
TAMPA, FL 33634
Phone Number
(888) 929-4222
NAIC Number
12813
Largest Affiliates
B
DEARBORN, MI - P&C
C
Dearborn, MI - L&A
B
DEARBORN, MI - P&C
C
DEARBORN, MI - P&C
C
AUBURN HILLS, MI - P&C
Weiss Ratings