AMERICAN PLATINUM PROP & CAS INS CO
Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2018, 2020 and 2022. Average return on equity over the last five years has been poor at -2.4%. Fair overall results on stability tests (3.2) including weak results on operational trends. The largest net exposure for one risk is acceptable at 2.2% of capital.
Other Rating Factors:
History of adequate reserve strength (6.0) as reserves have been consistently at an acceptable level. Good liquidity (6.2) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (95.2%), comm multi (4.8%)
Licensed in:
FL, GA
Principal Investments:
Investment grade bonds (47.6%), other (52.4%)
Corporate Info
Group Affiliation
Universal Ins Holding Group
Investment Rating
Company Address
1100 West Commercial Boulevard
Fort Lauderdale, FL 33309
Fort Lauderdale, FL 33309
Phone Number
(954) 958-1200
NAIC Number
13563
Website
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