The change in the Outlook to Stable from Negative for THP reflects the significant improvement in the company’s underwriting and overall results in the last two years and management projections for this trend to continue over the medium term. THP’s risk profile has changed materially over the last two years as the negative results reported by the company prior to 2024 were largely driven by adverse underwriting results in its Florida business. With the establishment of THIE, all Florida personal lines business was transferred out of THP by August of 2023. The company’s current core strategy of writing personal lines business focused on nine southern and southeastern states and commercial E&S business via 50% quota share with Vantage Risk Specialty Insurance Company has generated significantly improved results in 2024 and 2025.
The ratings reflect strong catastrophe reinsurance programs, strong and adequate risk adjusted capitalization metrics for THIE and THP,…
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