Property Insurer Financial Data
Introduction Through an agreement with SNL Statutory Insurance Data, FAIA provides quarterly updated carrier financial information for 63 companies writing residential property insurance in Florida. The data source provides a detailed financial overview of the listed carriers and allows agents to perform their own financial analysis to assist decisions regarding agent appointments business placement etc. Whenever interpretations are desired or needed, agents are encouraged to seek the advice and counsel of experts in the field of insurance company accounting. Please read the section below entitled Disclaimer. Available Information
Financial Data : The following sections are contained within financial "tear sheets" for each of the selected carriers. Similar information on additional carriers may be made available by contacting Dave Newell at: dnewell@faia.com. Table of Contents Financial information (tear sheets) and reinsurance survey responses are available by selecting from the following alphabetical quadrants based on the name of the carrier, as follows: [ A - F ] [ G - M ] [ N - U ] [ V - Z ]
Reinsurance Survey : Due to regulatory relaxation of the traditional 1-in-100 year reinsurance requirement, FAIA also makes available information on reinsurance for selected carriers. Such information was gathered via a voluntary survey form mailed to each company home office. Reprinted here is the exact response from the company viewable in PDF format. NOTE: there has been no attempt to either interpret or verify the accuracy of reinsurance information provided. It was gathered and is being provided only to assist agents in acquiring data helpful in analyzing a carriers catastrophic claims paying potential. Agents are urged to seek the advice and counsel of those qualified in such matters and to use other sources such as the Office of Insurance Regulation, the National Association of Insurance Commissioners and qualified, trusted rating agencies. A blank survey form is available upon request and can be used by individual agents for any carrier not included in FAIA's reinsurance survey list. Again, please read the disclaimer below. Selected Indicators Spread Sheet: FAIA has also compiled a spread sheet with recent surplus and net underwriting results for the top 48 unaffiliated domestic carriers. The surplus and net underwriting gain or loss for the last two quarters is displayed alphabetically including operating ratios extracted from the tear sheets, as follows: Loss Ratio, Expense Ratio, and Combined Loss and Expense Ratio, for each of the selected carriers. Information in this document is taken exclusively from the SNL tear sheets on each carrier, and is available by clicking here . Disclaimer Except as is expressly warranted, the licensed materials are provided "as is" without any warranty of any kind. SNL and FAIA hereby disclaim all other warranties, express or implied, including and without limitation, implied warranties ofmerchantability and of fitness for any particular purpose. Without limiting any of the foregoing, SNL and FAIA make no representation or warranty that the licensed materials or any results, data or compilation obtained through or by use of the licensed materials will be accurate, complete, reliable, timely, secure, suitable for the users' purposes or free from error, defect, omissions, delays, interruptions or losses, including inadvertent loss of data or damage to media. SNL and FAIA further acknowledge and agree that in no event will SNL and FAIA be responsible or liable for the use of or reliance upon any results obtained from or provided by the licensed materials andthe user bears the sole responsibility and risk for any use or reliance including without limitation any decisions the user makes or refrains from making in connection therewith. The licensed materials herein are for the exclusive use of FAIA members and for internal purposes only. Under no circumstances can any information provided herein be redistributed in any format, electronic or otherwise, without the prior written consent of the Florida Association of Insurance Agents. |
