Major Rating Factors:
Good overall profitability index (5.1 on a scale of 0 to 10) despite operating losses during 2021 and 2022. Excellent expense controls. Good overall results on stability tests (5.0) despite excessive premium growth. Stability strengths include good historical capital adequacy and excellent risk diversification. Strong long-term capitalization index (7.1) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting improvement over results in 2022.
Other Rating Factors:
Ample reserve history (7.4) that can protect against increases in claims costs. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (37.5%), homeowners (32.0%), comm multi (9.0%), fire (0.5%), other (21.1%)
Licensed in:
(No states)
Principal Investments:
Common stock (59.6%), cash (33.7%), investment grade bonds (6.3%), other (0.5%)
Corporate Info
Group Affiliation
Onex Raven Holdings Inc
Investment Rating
--
Company Address
4798 New Broad Street
Orlando, FL 32814
Orlando, FL 32814
Phone Number
(407) 629-2131
NAIC Number
16835
Website
Largest Affiliates