American Coastal Ins Co
Major Rating Factors:
Fair reserve development (5.0 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (6.6) 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 1.6% of capital. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2020.
Other Rating Factors:
Excellent liquidity (8.1) with ample operational cash flow and liquid investments. Fair profitability index (4.3) with operating losses during 2021.
Stability Factors:
Principal Lines of Business:
Other (100%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (57.7%), common stock (12.8%), cash (1.8%), non investment grade bonds (0.2%), other (27.5%)
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
Largest Affiliates
No affiliate information available.