Production (Stage)
Freedom Advantage Ins Co
Major Rating Factors:
Fair profitability index (4.4 on a scale of 0 to 10) with operating losses during 2020 and 2021. Return on equity has been low, averaging 0.2% over the past five years. Fair overall results on stability tests (4.2) including fair risk adjusted capital in prior years. Good long-term capitalization index (5.6) based on good current risk adjusted capital (severe loss scenarios) reflecting some improvement over results in 2022.
Other Rating Factors:
Ample reserve history (7.0) that can protect against increases in claims costs. Superior liquidity (9.3) with ample operational cash flow and liquid investments.
Stability Factors:
A - Financial problems or weaknesses of a parent or affiliate company.
D - Limited diversification of general business, policy, and/or investment risk.
G - Fast asset or premium growth.
R - Concerns about the financial strength of its reinsurers.
T - Significant trends in critical asset, liability, income or expense items.
Principal Lines of Business:
Homeowners (85.4%), comm multi (14.8%)
Licensed in:
AK, PA
Principal Investments:
Common stock (47.4%), cash (29.1%), investment grade bonds (20.5%), other (3.0%)
Corporate Info
Group Affiliation
Wilmington Holdings GP LLC
Investment Rating
--
Company Address
1403 Silverside Road
Wilmington, DE 19810
Wilmington, DE 19810
Phone Number
(336) 501-6777
NAIC Number
11831
Website
Largest Affiliates