Fortegra Spclty Ins Co
Major Rating Factors:
Fair reserve development (4.5 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2024 the two year reserve development was 15.3% deficient. Fair long-term capitalization index (4.2) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range over the last two years. Good liquidity (6.8) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Good overall results on stability tests (6.0) despite fair risk adjusted capital in prior years. Excellent profitability index (8.6) with small operating losses during 2020.
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:
Fire (20.1%), personal/comm auto (10.3%), homeowners (9.6%), comm multi (8.3%), fin guar/surety (0.4%), other (51.3%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (71.3%), common stock (7.8%), cash (2.4%), non investment grade bonds (2.3%), other (16.2%)
Corporate Info
Group Affiliation
Tiptree Inc
Investment Rating
Company Address
10751 Deerwood Park Boulevard
Jacksonville, FL 32256
Jacksonville, FL 32256
Phone Number
(904) 350-9660
NAIC Number
16823
Website
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