Citizens Property Ins Corp
Major Rating Factors:
Weak profitability index (2.6 on a scale of 0 to 10) with operating losses during 2022. Average return on equity over the last five years has been poor at -6.6%. Good long-term capitalization index (6.3) based on good current risk adjusted capital (severe loss scenarios), although results have slipped from the excellent range during the last year. History of adequate reserve strength (6.5) as reserves have been consistently at an acceptable level.
Other Rating Factors:
Good overall results on stability tests (5.1) despite weak results on operational trends and good risk adjusted capital in prior years. Excellent liquidity (7.0) with ample operational cash flow and liquid investments.
Stability Factors:
G - Fast asset or premium growth.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (63.3%), fire (2.4%), other (34.3%)
Licensed in:
FL
Principal Investments:
Investment grade bonds (88.7%), other (11.3%)
Corporate Info
Group Affiliation
None
Investment Rating
--
Company Address
2101 Maryland Circle
Tallahassee, FL 32303
Tallahassee, FL 32303
Phone Number
(850) 513-3700
NAIC Number
10064
Website
Largest Affiliates
No affiliate information available.
