Major Rating Factors:
Poor long-term capitalization index (1.1 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (0.3) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.4) including excessive premium growth, weak risk adjusted capital in prior years and weak results on operational trends. Fair reserve development (3.4) as reserves have generally been sufficient to cover claims. Fair profitability index (3.1) with operating losses during 2018, 2019 and 2020. Average return on equity over the last five years has been poor at -17.1%.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (84.9%), fire (14.4%), other (0.7%)
Licensed in:
--
Principal Investments:
Investment grade bonds (38.0%), cash (5.1%), preferred stock (0.6%), other (56.2%)
Corporate Info
Group Affiliation
Federated National Holding Co
Investment Rating
--
Company Address
14050 NW 14th Street Suite 180
Sunrise, FL 33323
Sunrise, FL 33323
Phone Number
(954) 308-1251
NAIC Number
15715
Website
Largest Affiliates
