Major Rating Factors:
History of adequate reserve strength (6.1 on a scale of 0 to 10) as reserves have been consistently at an acceptable level. Good liquidity (5.3) with sufficient resources (cash flows and marketable investments) to handle a spike in claims. Fair profitability index (2.9) with operating losses during 2022.
Other Rating Factors:
Strong long-term capitalization index (7.6) based on excellent current risk adjusted capital (severe and moderate loss scenarios) reflecting significant improvement over results in 2022. Excellent overall results on stability tests (7.4). Stability strengths include good operational trends and excellent risk diversification.
Stability Factors:
L - Past results on our liquidity tests.
Principal Lines of Business:
Personal/comm auto (83.2%), homeowners (12.2%), other (4.6%)
Licensed in:
FL, GA, TN
Principal Investments:
Investment grade bonds (72.9%), common stock (5.1%), other (22.0%)
Corporate Info
Group Affiliation
Auto Club Ins Association Group
Investment Rating
--
Company Address
9125 Henderson Road
Tampa, FL 33634
Tampa, FL 33634
Phone Number
(800) 289-1325
NAIC Number
41041
Website
Largest Affiliates