Major Rating Factors:
Weak profitability index (2.0 on a scale of 0 to 10) with operating losses during each of the last five years and the first six months of 2025. Average return on equity over the last five years has been poor at -74.3%. Fair long-term capitalization index (3.5) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years. Fair overall results on stability tests (3.9) including weak risk adjusted capital in prior years, weak results on operational trends and negative cash flow from operations for 2024.
Other Rating Factors:
History of adequate reserve strength (6.2) as reserves have been consistently at an acceptable level. Good liquidity (6.6) 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.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (75.8%), fire (2.7%), other (21.6%)
Licensed in:
FL
Principal Investments:
Cash (56.2%), investment grade bonds (32.4%), common stock (0.9%), other (10.4%)
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