This proves my point that rating companies as a whole can’t be trusted. I’m not saying anything positive or negative about Florida Family or their new affiliate Lakeview, but Florida Family has less than $20 million in surplus and wrote over $95 million in premium last year.
What am I missing in the financials that makes this company any better than a company with $65 million in surplus that writes $191 million in premium?
This proves my point that rating companies as a whole can’t be trusted. I’m not saying anything positive or negative about Florida Family or their new affiliate Lakeview, but Florida Family has less than $20 million in surplus and wrote over $95 million in premium last year.
What am I missing in the financials that makes this company any better than a company with $65 million in surplus that writes $191 million in premium?
Reinsurance?