Bankers Specialty Ins Co
Major Rating Factors:
Fair profitability index (4.0 on a scale of 0 to 10) with operating losses during 2021 and 2022. Good overall results on stability tests (6.2) 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. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (9.1) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Comm multi (100.0%)
Licensed in:
LA
Principal Investments:
Common stock (91.1%), cash (8.9%)
Corporate Info
Group Affiliation
Bankers Financial Corporation
Investment Rating
--
Company Address
299 1st Ave N
Saint Petersburg, FL 33701
Saint Petersburg, FL 33701
Phone Number
(727) 823-4000
NAIC Number
13041
Website
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