US Coastal Ins Co
Major Rating Factors:
Fair reserve development (3.4 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 22.9% deficient. Fair profitability index (3.4) with operating losses during 2021, 2023 and 2024. Average return on equity over the last five years has been poor at -2.9%. Fair overall results on stability tests (3.2) including weak results on operational trends and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.7% of capital.
Other Rating Factors:
Good long-term capitalization index (5.0) based on good current risk adjusted capital (severe and moderate loss scenarios) reflecting some improvement over results in 2024. Excellent liquidity (7.4) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (91.2%), fire (6.3%), other (2.5%)
Licensed in:
DE, NJ, NY, RI
Principal Investments:
Investment grade bonds (62.3%), other (37.7%)
Corporate Info
Group Affiliation
Cabrillo Intermediate Holdings LLC
Investment Rating
--
Company Address
301 Northwest 138th Terrace
Jonesville, FL 32669
Jonesville, FL 32669
Phone Number
(866) 896-7233
NAIC Number
15358
Website
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