Tower Hill Ins Exchange
Major Rating Factors:
Good liquidity (6.0 on a scale of 0 to 10) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Good overall results on stability tests (6.5) despite lack of operational experience. Stability strengths include good operational trends and excellent risk diversification. Weak profitability index (2.7) with operating losses during each of the last five years.
Other Rating Factors:
Strong long-term capitalization index (8.3) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Ample reserve history (7.3) that can protect against increases in claims costs.
Stability Factors:
E - Lack of operating experience.
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (75.6%), fire (3.6%), other (20.8%)
Licensed in:
FL, SC
Principal Investments:
Investment grade bonds (52.2%), other (47.8%)
Corporate Info
Group Affiliation
Shively Group
Investment Rating
--
Company Address
7201 NW 11th Place
Gainesville, FL 32605
Gainesville, FL 32605
Phone Number
(800) 509-1592
NAIC Number
17179
Website
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