Monarch National Ins Co
Major Rating Factors:
Poor long-term capitalization index (1.0 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios). Vulnerable liquidity (2.8) as a spike in claims may stretch capacity. Fair profitability index (3.1) with operating losses during 2019 and 2020. Average return on equity over the last five years has been poor at -6.2%.
Other Rating Factors:
Fair overall results on stability tests (3.0) including weak risk adjusted capital in prior years and weak results on operational trends. The largest net exposure for one risk is excessive at 5.7% of capital. Fair reserve development (5.0) as reserves have generally been sufficient to cover claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (79.0%), fire (14.8%), other (6.2%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (21.6%), cash (10.8%), preferred stock (0.4%), other (67.2%)
Corporate Info
Group Affiliation
Hale Partnership Capital Management LLC
Investment Rating
--
Company Address
3490 Martin Hurst Road
Tallahassee, FL 32312
Tallahassee, FL 32312
Phone Number
(800) 293-2532
NAIC Number
15715
Website
Largest Affiliates
No affiliate information available.