Major Rating Factors:
Fair long-term capitalization index (3.7 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios) reflecting improvement over results in 2021. Fair overall results on stability tests (4.1) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2025. Weak profitability index (2.8) with operating losses during each of the last five years.
Other Rating Factors:
History of adequate reserve strength (6.8) as reserves have been consistently at an acceptable level. Good liquidity (5.1) 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.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (75.9%), fire (2.7%), other (21.4%)
Licensed in:
FL
Principal Investments:
Cash (58.2%), investment grade bonds (31.5%), common stock (0.9%), other (9.4%)
Corporate Info
Group Affiliation
Kin Ins Inc
Investment Rating
--
Company Address
222 Merchandise Mart Plaza
Chicago, IL 60654
Chicago, IL 60654
Phone Number
(855) 717-0022
NAIC Number
16603
Website
Largest Affiliates