American Platinum P&C Ins Co
Major Rating Factors:
Fair profitability index (4.1 on a scale of 0 to 10) with operating losses during 2020 and 2022. Fair overall results on stability tests (4.5) including. The largest net exposure for one risk is excessive at 6.3% of capital. Good liquidity (6.7) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (8.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Homeowners (99.4%), comm multi (0.6%)
Licensed in:
FL, GA
Principal Investments:
Investment grade bonds (32.0%), other (68.0%)
Corporate Info
Group Affiliation
Universal Ins Holdings Inc
Investment Rating
Company Address
1110 West Commercial Boulevard
Fort Lauderdale, FL 33309
Fort Lauderdale, FL 33309
Phone Number
(954) 958-1200
NAIC Number
13563
Website
Largest Affiliates