Sutton Specialty Ins Co
Major Rating Factors:
Fair reserve development (4.8 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.0) including weak results on operational trends and lack of operational experience. Good overall profitability index (5.2) despite operating losses during 2020 and 2021. Excellent expense controls.
Other Rating Factors:
Strong long-term capitalization index (8.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Excellent liquidity (8.5) with ample operational cash flow and liquid investments.
Stability Factors:
E - Lack of operating experience.
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:
Homeowners (16.9%), personal/comm auto (14.7%), comm multi (13.8%), fire (7.5%), product liab. (1.9%), work comp (0.6%), other (44.5%)
Licensed in:
(No states)
Principal Investments:
Investment grade bonds (53.6%), common stock (25.4%), cash (8.6%), other (12.4%)
Corporate Info
Group Affiliation
Sutton National Ins Holdings LLC
Investment Rating
--
Company Address
110 East Atlantic Ave
Delray Beach, FL 33444
Delray Beach, FL 33444
Phone Number
(888) 846-4238
NAIC Number
16848
Website
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