First Colonial Ins Co
Major Rating Factors:
Fair profitability index (3.7 on a scale of 0 to 10) 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 -0.7%. Strong long-term capitalization index (10.0) based on excellent current risk adjusted capital (severe and moderate loss scenarios), despite some fluctuation in capital levels. Ample reserve history (8.1) that helps to protect the company against sharp claims increases.
Other Rating Factors:
Excellent liquidity (7.9) with ample operational cash flow and liquid investments. Excellent overall results on stability tests (7.0) despite negative cash flow from operations for 2024. Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
F - Negative cash flow.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Personal/comm auto (1.1%), other (98.9%)
Licensed in:
All states
Principal Investments:
Investment grade bonds (97.3%), cash (0.3%), other (2.4%)
Corporate Info
Group Affiliation
The Allstate Corporation
Investment Rating
Company Address
1776 American Heritage Life Drive
Jacksonville, FL 32224
Jacksonville, FL 32224
Phone Number
(904) 992-1776
NAIC Number
29980
Website
Largest Affiliates