Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. In 2025 the two year reserve development was 17.3% deficient. Fair profitability index (3.0) with operating losses during 2023 and 2024. Good overall results on stability tests (5.6) despite negative cash flow from operations for 2025 and fair risk adjusted capital in prior years. The largest net exposure for one risk is conservative at 1.3% of capital.
Other Rating Factors:
Good long-term capitalization index (6.9) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2024. Superior liquidity (9.2) with ample operational cash flow and liquid investments.
Stability Factors:
C - Past results on our Risk-Adjusted Capital tests.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Fire (25.4%), personal/comm auto (20.4%), comm multi (14.9%), work comp (9.5%), other (29.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (66.5%), cash (30.7%), non investment grade bonds (2.0%), other (0.7%)
Corporate Info
Group Affiliation
Onex Raven Holdings Inc
Investment Rating
--
Company Address
4798 New Broad Street
Orlando, FL 32814
Orlando, FL 32814
Phone Number
(407) 629-2131
NAIC Number
26379
Largest Affiliates