Castle Key Ins Co
Major Rating Factors:
Fair profitability index (3.9 on a scale of 0 to 10) with operating losses during 2021, 2022 and 2023. History of adequate reserve strength (5.5) as reserves have been consistently at an acceptable level. Good liquidity (6.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims.
Other Rating Factors:
Strong long-term capitalization index (7.4) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2023. Excellent overall results on stability tests (7.3). Stability strengths include excellent operational trends and excellent risk diversification. The largest net exposure for one risk is conservative at 1.8% of capital.
Stability Factors:
Principal Lines of Business:
Homeowners (99.2%), other (0.8%)
Licensed in:
FL, IL
Principal Investments:
Investment grade bonds (89.1%), common stock (3.8%), cash (0.4%), preferred stock (0.2%), non investment grade bonds (0.2%), other (6.3%)
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
The Allstate Corporation
Investment Rating
Company Address
3100 Sanders Road
Northbrook, IL 60062
Northbrook, IL 60062
Phone Number
(847) 402-5000
NAIC Number
30511
Website
Largest Affiliates