Trusted Resource Underwriters
Major Rating Factors:
Weak profitability index (2.0 on a scale of 0 to 10) with operating losses during each of the last five years and the first six months of 2025. Average return on equity over the last five years has been poor at -19.6%. Weak overall results on stability tests (0.8) including weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. The largest net exposure for one risk is excessive at 20.3% of capital. Fair long-term capitalization index (3.5) based on fair current risk adjusted capital (severe and moderate loss scenarios), although results have slipped from the excellent range during the last year.
Other Rating Factors:
History of adequate reserve strength (6.1) as reserves have been consistently at an acceptable level. Good liquidity (6.6) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
D - Limited diversification of general business, policy, and/or investment risk.
F - Negative cash flow.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (99.6%), other (0.4%)
Licensed in:
AZ, FL, GA, NV, SC, TX
Principal Investments:
Investment grade bonds (91.0%), cash (5.9%), other (3.1%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
One N. Clematis St.
West Palm Beach, FL 33401
West Palm Beach, FL 33401
Phone Number
(617) 832-1300
NAIC Number
16881
Website
Largest Affiliates
No affiliate information available.