US Coastal P&C Ins Co
Major Rating Factors:
Fair profitability index (4.8 on a scale of 0 to 10) with operating losses during 2020. Weak overall results on stability tests (2.5) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is excessive at 9.1% of capital. Good long-term capitalization index (5.2) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. History of adequate reserve strength (7.0) as reserves have been consistently at an acceptable level.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (62.3%), fire (32.6%), other (5.1%)
Licensed in:
AL, CA, FL, GA, MS, NC, SC
Principal Investments:
Investment grade bonds (67.1%), real estate (1.6%), cash (1.0%), other (30.4%)
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
15900
Website
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