Major Rating Factors:
Good long-term capitalization index (6.4 on a scale of 0 to 10) based on good current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range over the last two years.
Other Rating Factors:
Fair overall results on stability tests (4.7) including weak results on operational trends, negative cash flow from operations for 2022 and lack of operational experience. Excellent liquidity (8.0) with ample operational cash flow and liquid investments. Weak profitability index (2.3) with operating losses during 2020, 2021 and 2022.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
Principal Lines of Business:
Homeowners (18.7%), personal/comm auto (14.6%), fire (3.1%), other (63.6%)
Licensed in:
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Principal Investments:
Common stock (61.7%), investment grade bonds (18.3%), cash (13.6%), other (6.4%)
Corporate Info
Group Affiliation
Randall & Quilter Investment Holding
Investment Rating
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Company Address
C/o Cogency Global Inc 300 W C
PHOENIX, AZ 85013
PHOENIX, AZ 85013
Phone Number
(407) 629-2131
NAIC Number
16835
Website
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