C
ACCREDITED SURETY & CAS CO INC
OrlandoFL
Data as of
March 31, 2022
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
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Major Rating Factors: Fair profitability index (3.9 on a scale of 0 to 10) with small operating losses during 2019. Return on equity has been fair, averaging 7.8% over the past five years. Fair overall results on stability tests (3.9) including excessive premium growth and weak results on operational trends.
Other Rating Factors: History of adequate reserve strength (5.7) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (8.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Superior liquidity (9.4) 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: Personal/comm auto (22.5%), work comp (12.9%), comm multi (8.2%), fire (0.2%), other (56.2%)
Licensed in: All states except PR
Principal Investments: Investment grade bonds (83.1%), cash (11.9%), non investment grade bonds (2.8%), common stock (1.0%), other (1.2%)
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Investments in Affiliates
Corporate Info
Group Affiliation
Randall & Quilter America Holdings
Investment Rating
--
Company Address
4798 New Broad Street Suite 20
ORLANDO, FL 32814
Phone Number
(407) 629-2131
NAIC Number
26379
Largest Affiliates
U
NEW YORK, NY - P&C
B
U
PHILADELPHIA, PA - P&C
U
HILLARD, OH - P&C
U
Weiss Ratings