US Coastal P&C Ins Co
Major Rating Factors:
Fair profitability index (3.8 on a scale of 0 to 10) with operating losses during 2020 and the first nine months of 2024. Average return on equity over the last five years has been poor at -3.5%. Weak overall results on stability tests (2.6) including excessive premium growth and weak results on operational trends. The largest net exposure for one risk is excessive at 10.0% of capital. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Good liquidity (6.9) with sufficient resources (cash flows and marketable investments) to handle a spike in 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 (50.0%), fire (43.3%), other (6.7%)
Licensed in:
AL, CA, FL, GA, MS, NC, SC
Principal Investments:
Investment grade bonds (59.9%), cash (20.1%), real estate (2.4%), non investment grade bonds (0.1%), other (17.4%)
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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