Major Rating Factors:
Poor long-term capitalization index (2.9 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 good range during the last year. Fair overall results on stability tests (3.5) including weak results on operational trends, negative cash flow from operations for 2024 and excessive premium growth. The largest net exposure for one risk is conservative at 2.0% of capital. History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Weak profitability index (2.4) with operating losses during 2023 and 2024. Excellent liquidity (8.3) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Comm multi (20.5%), personal/comm auto (19.8%), work comp (16.4%), fire (14.8%), other (28.5%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (72.2%), cash (20.5%), non investment grade bonds (1.4%), other (5.9%)
Corporate Info
Group Affiliation
R&Q Ins Holdings Ltd
Investment Rating
--
Company Address
4798 New Broad Street
Orlando, FL 32814
Orlando, FL 32814
Phone Number
(407) 629-2131
NAIC Number
26379
Largest Affiliates