American Coastal Ins Co
Major Rating Factors:
Good overall results on stability tests (6.7 on a scale of 0 to 10) despite fair risk adjusted capital in prior years. Stability strengths include good operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.9% of capital. Fair reserve development (4.7) as reserves have generally been sufficient to cover claims. Fair profitability index (3.9) with operating losses during 2019, 2020 and 2021. Return on equity has been fair, averaging 7.5% over the past five years.
Other Rating Factors:
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 2020. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
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 (61.1%), cash (1.3%), other (37.6%)
Corporate Info
Group Affiliation
American Coastal Ins Corporation
Investment Rating
Company Address
570 Carillon Parkway
Saint Petersburg, FL 33716
Saint Petersburg, FL 33716
Phone Number
(727) 633-0851
NAIC Number
12968
Website
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