Major Rating Factors:
Fair reserve development (3.6 on a scale of 0 to 10) as reserves have generally been sufficient to cover claims. Good overall results on stability tests (5.2) despite excessive premium growth. Stability strengths include good operational trends and excellent risk diversification. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios). Moreover, capital levels have been consistent in recent years.
Other Rating Factors:
Excellent profitability index (9.0) despite modest operating losses during the first three months of 2025. Excellent expense controls. Superior liquidity (10.0) with ample operational cash flow and liquid investments.
Stability Factors:
D - Limited diversification of general business, policy, and/or investment risk.
R - Concerns about the financial strength of its reinsurers.
Principal Lines of Business:
Personal/comm auto (3.6%), other (96.4%)
Licensed in:
TX
Principal Investments:
Investment grade bonds (49.6%), cash (0.1%), other (50.3%)
Corporate Info
Group Affiliation
Assurant Inc
Investment Rating
Company Address
701 Waterford Way
Miami, FL 33126
Miami, FL 33126
Phone Number
(305) 253-2244
NAIC Number
28843
Website
Largest Affiliates