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 profitability index (3.9) with operating losses during 2021, 2024 and 2025. Fair overall results on stability tests (3.5) including excessive premium growth. Strengths include potentially strong support from affiliation with Florida Fruit & Vegetable Association.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
Principal Lines of Business:
Work comp (100.0%)
Licensed in:
AL, FL, GA, IN, KY, MS, NC, SC, TN, VA
Principal Investments:
Investment grade bonds (88.5%), cash (6.4%), other (5.1%)
Corporate Info
Group Affiliation
Florida Fruit & Vegetable Association
Investment Rating
--
Company Address
800 Trafalgar Court
Maitland, FL 32751
Maitland, FL 32751
Phone Number
(321) 214-5300
NAIC Number
16236
Website
Largest Affiliates