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FEIN 13-2872766
NAIC# 33189
A.M. Best Rating * A
State of Domicile Delaware , USA
Location of Main
Admin. Offices
Richmond, VA, USA
Incorporation Date 5/13/1973
Parent Alterra America Insurance Company

Total Admitted Assets391,393,392402,140,355265,114,577247,309,208203,371,933
Total Liabilities233,072,245259,052,960184,323,381146,777,868113,396,249
Capital & Surplus158,321,147143,087,39380,791,196100,531,34089,975,684
Premiums and Agent's Balances58,564,97849,600,81655,253,89158,677,82937,101,520
Loss Adjustment Expenses4,639,2134,815,1685,267,1192,913,4212,088,485
Underwriting Gain/Loss(1,431,853)(3,814,333)(25,557,916)5,150,274(6,890,341)
Net Income (Loss) After Tax5,951,559(456,443)(18,002,942)8,353,184(3,760,993)
Cash Flow From Operations3,592,64684,127,772(14,657,061)13,802,68822,565,851
Unrealized Capital Gains (Losses)4,810,2183,168,175001,348,365
Gross Premium392,954,679419,493,396383,635,708365,234,775318,775,363
Net Premium48,223,02852,123,89543,529,92850,022,11943,655,967
Gross Premium to Surplus Ratio248.2% 293.2% 474.8% 363.3% 354.3%
Net Premium to Surplus Ratio30.5% 36.4% 53.9% 49.8% 48.5%
Direct Premium - National192,964,397227,816,128244,719,209280,244,564271,435,683
Direct Premium - Florida (Sch. T)28,591,37933,500,01839,775,20148,452,02845,287,494
% of Direct Premium in Florida14.8% 14.7% 16.3% 17.3% 16.7%
Rank Among all eligible InsurersN/AN/AN/AN/AN/A
Combined Ratio102.0% 108.0% 160.0% 89.0% 120.0%
Losses Incurred Ratio 62.0% 89.0% 92.0% 52.0% 56.0%
Loss Expenses Incurred Ratio8.0% 8.0% 16.0% 7.0% 8.0%
Other U/W Expenses Incurred Ratio32.0% 11.0% 52.0% 30.0% 56.0%

Quarterly Financial Data (2015) for

Total Admitted Assets377,357,265375,294,936
Total Liabilities213,487,670208,745,060
Capital & Surplus163,869,595166,549,877
Premiums and Agent's Balances40,878,93447,968,181
Loss Adjustment Expenses4,457,0454,624,690
Underwriting Gain/Loss(606,365)1,675,128
Net Income (Loss) After Tax840,4994,121,467
Cash Flow From Operations(9,197,037)5,796,722
Unrealized Capital Gains (Losses)1,845,6531,190,357
Gross Premium97,481,179192,342,252
Net Premium12,197,44623,742,254
Direct Premium - National38,392,45793,519,704
Direct Premium - Florida (Sch. T)6,994,46516,212,797

Major Lines of Business in US (2015)
1 Allied Lines
2 Other Liability - Claims Made
3 Other Liability - Occurrence
4 Earthquake
5 Fire
Major Lines of Business in FL (2015)
1 Allied lines
2 Fire
3 Other Liability - Claims Made
4 Other Liability - Occurrence
5 Earthquake

*A.M. Best Ratings are current as of 8/11/2014

Data Source: National Association of Insurance Commissioners, by permission. The NAIC does not endorse any analysis or conclusions based upon the use of its data.

The FSLSO has made every effort possible to ensure that the insurer financial information contained on our website is correct. However, the information provided is for informational purposes only; it does not constitute an endorsement for any service, company or person offering any product or service.

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