Sutton National Ins Co
Major Rating Factors:
History of adequate reserve strength (5.9 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good overall profitability index (6.7) despite operating losses during 2020, 2021 and 2022. Return on equity has been low, averaging 3.0% over the past five years. Fair overall results on stability tests (3.9) including weak results on operational trends.
Other Rating Factors:
Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
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 (59.4%), fire (30.0%), personal/comm auto (1.6%), work comp (0.3%), comm multi (0.3%), other (8.4%)
Licensed in:
All states except DE, MN, VT
Principal Investments:
Investment grade bonds (50.4%), cash (10.2%), other (39.4%)
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
25798
Website
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