Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (3.4) including negative cash flow from operations for 2023. Strong long-term capitalization index (9.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (7.8) with small operating losses during 2019 and the first nine months of 2024. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (88.3%), fire (1.5%), other (10.2%)
Licensed in:
LA
Principal Investments:
Investment grade bonds (93.4%), preferred stock (4.1%), other (2.5%)
Corporate Info
Group Affiliation
AU Holding Co Inc
Investment Rating
--
Company Address
4081 Lakewood Ranch Boulevard
Sarasota, FL 34240
Sarasota, FL 34240
Phone Number
(941) 870-0204
NAIC Number
16181
Website
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