Trusted Resource Underwriters
Major Rating Factors:
Poor long-term capitalization index (1.8 on a scale of 0 to 10) based on weak current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the fair range during the last year. Weak profitability index (1.7) with operating losses during each of the last five years. Vulnerable liquidity (1.7) as a spike in claims may stretch capacity.
Other Rating Factors:
Weak overall results on stability tests (1.4) including excessive premium growth, weak results on operational trends and negative cash flow from operations for 2025. The largest net exposure for one risk is excessive at 16.1% of capital. History of adequate reserve strength (6.9) as reserves have been consistently at an acceptable level.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
E - Lack of operating experience.
F - Negative cash flow.
G - Fast asset or premium growth.
L - Past results on our liquidity tests.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.7%), other (0.3%)
Licensed in:
AZ, FL, GA, NV, SC, TX
Principal Investments:
Investment grade bonds (73.2%), cash (22.0%), other (4.9%)
Corporate Info
Group Affiliation
Trusted Resource Underwriters Exchange
Investment Rating
--
Company Address
360 Central Ave
Saint Petersburg, FL 33701
Saint Petersburg, FL 33701
Phone Number
(617) 832-1300
NAIC Number
16881
Website
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