B
Monroe Guaranty Ins Co
Rating Date
June 2025
NAIC
Classification
Risk Adjusted
Capital Ratio #1
Risk Adjusted
Capital Ratio #2
Loss
Ratio
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Total
Assets
Capital
Net
Premiums
Net
Income
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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 profitability index (4.9) with operating gains in each of the last five years. Excellent expense controls. Return on equity has been low, averaging 2.2% over the past five years. Good overall results on stability tests (6.2) despite excessive premium growth. Other stability subfactors include potentially strong support from affiliation with FCCI Mutual Ins Holding Co, good operational trends and excellent risk diversification.
Other Rating Factors: 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. Excellent liquidity (7.6) with ample operational cash flow and liquid investments.
Stability Factors: T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business: Personal/comm auto (51.4%), comm multi (23.0%), work comp (8.8%), product liab. (4.2%), fire (0.5%), other (12.1%)
Licensed in: All states except AK, CA, HI, ID, MN, NH, NJ, NV, NY, OR, WA
Principal Investments: Investment grade bonds (98.4%), other (1.6%)
Ratios
Premium to Surplus
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Reserve to Surplus
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1-Year Reserve Development
2-Year Reserve Development
Expense Ratio
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Combined Ratio
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Cash From Underwriting
Net Premium Growth
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Investments in Affiliates
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Corporate Info
Group Affiliation
FCCI Mutual Ins Holding Co
Investment Rating
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Company Address
6300 University Parkway
Sarasota, FL 34240
Phone Number
(941) 907-3224
NAIC Number
32506
Largest Affiliates
A
Sarasota, FL - P&C
B
Sarasota, FL - P&C
B
Sarasota, FL - P&C
C
Sarasota, FL - P&C
C
Sarasota, FL - P&C