Major Rating Factors:
Fair reserve development (4.3 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Fair overall results on stability tests (4.5) including lack of operational experience. The largest net exposure for one risk is excessive at 6.2% of capital. Good overall profitability index (6.6) despite operating losses during 2024.
Other Rating Factors:
Strong long-term capitalization index (9.2) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years. Excellent liquidity (8.8) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
E - Lack of operating experience.
Principal Lines of Business:
Other (100%)
Licensed in:
FL
Principal Investments:
Cash (100.0%)
Corporate Info
Group Affiliation
Condo Owners Reciprocal Exchange
Investment Rating
--
Company Address
3802 Coconut Palm Dr
Tampa, FL 33619
Tampa, FL 33619
Phone Number
(813) 405-3600
NAIC Number
17547
Website
Largest Affiliates