American Platinum P&C Ins Co
Major Rating Factors:
Fair overall results on stability tests (3.9 on a scale of 0 to 10) including. The largest net exposure for one risk is excessive at 7.9% of capital. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Strong long-term capitalization index (8.8) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital has steadily grown over the last five years.
Other Rating Factors:
History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level. Excellent overall profitability index (6.9) despite operating losses during 2022.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
Principal Lines of Business:
Homeowners (99.1%), comm multi (0.9%)
Licensed in:
FL, GA
Principal Investments:
Investment grade bonds (51.6%), other (48.4%)
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