D
Tower Hill Preferred Ins Co
Rating Date
April 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
Total
Assets
Capital
Net
Premiums
Net
Income
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Major Rating Factors: Weak profitability index (1.6 on a scale of 0 to 10) with operating losses during 2020, 2021 and 2022. Weak overall results on stability tests (2.7) including weak results on operational trends, weak risk adjusted capital in prior years and negative cash flow from operations for 2024. Fair liquidity (4.0) as cash resources may not be adequate to cover a spike in claims.
Other Rating Factors: History of adequate reserve strength (6.3) as reserves have been consistently at an acceptable level. Strong long-term capitalization index (7.7) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022.
Stability Factors: C - Past results on our Risk-Adjusted Capital tests. D - Limited diversification of general business, policy, and/or investment risk. F - Negative cash flow. T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: --
Licensed in: FL
Principal Investments: Common stock (0.2%), other (99.8%)
Ratios
Premium to Surplus
Reserve to Surplus
1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
Combined Ratio
Cash From Underwriting
Net Premium Growth
Investments in Affiliates
--
Corporate Info
Group Affiliation
Shively Group
Investment Rating
--
Company Address
7201 Northwest 11th Place
Gainesville, FL 32605
Phone Number
(352) 332-8800
NAIC Number
29050
Largest Affiliates
C
Gainesville, FL - P&C
D
Gainesville, FL - P&C