Major Rating Factors:
Fair long-term capitalization index (4.2 on a scale of 0 to 10) based on fair current risk adjusted capital (severe loss scenarios), although results have slipped from the good range during the last year. Fair overall results on stability tests (3.8) including weak results on operational trends, negative cash flow from operations for 2024 and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.5% of capital. Weak profitability index (2.7) with operating losses during 2023, 2024 and the first three months of 2025. Average return on equity over the last five years has been poor at -3.9%.
Other Rating Factors:
History of adequate reserve strength (5.1) as reserves have been consistently at an acceptable level. Superior liquidity (10.0) 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