D
AMERICAN COASTAL INS CO
Data as of
September 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: Weak profitability index (1.4 on a scale of 0 to 10) with operating losses during 2019, 2020 and 2021. Average return on equity over the last five years has been poor at -3.7%. Weak overall results on stability tests (2.3) including negative cash flow from operations for 2021. The largest net exposure for one risk is high at 4.0% of capital.
Other Rating Factors: Fair reserve development (3.6) as reserves have generally been sufficient to cover claims. In 2020, the two year reserve development was 18% deficient. Fair liquidity (3.9) as cash resources may not be adequate to cover a spike in claims. Good long-term capitalization (5.4) based on good current risk adjusted capital (moderate loss scenario) reflecting improvement over results in 2021.
Stability Factors: F - Negative cash flow. L - Past results on our liquidity tests. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Other (100%)
Licensed in: FL
Principal Investments: Investment grade bonds (77.7%), common stock (5.3%), cash (4.6%), non investment grade bonds (0.2%), other (12.1%)
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Reserve to Surplus
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2-Year Reserve Development
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Cash From Underwriting
Net Premium Growth
Investments in Affiliates
Corporate Info
Group Affiliation
Peed FLPI Ltd LLP
Investment Rating
--
Company Address
800 2nd Avenue South
ST. PETERSBURG, FL 33701
Phone Number
(727) 895-7737
NAIC Number
12968
Largest Affiliates
C
ST. PETERSBURG, FL - P&C
C
JERICHO, NY - P&C
C
ST. PETERSBURG, FL - P&C
F
ST. PETERSBURG, FL - P&C
Weiss Ratings