ATIC Financials

We formed American Traditions Insurance Company with longevity and financial solvency in mind. Since we do not assume policies from Citizens or other insurance companies we have maintained a slow and steady growth that has provided a build-up of capital and financial strength. This business strategy has led to a preservation of assets which will continue to be our priority into the future. Funds collected from our customers are invested in the highest quality corporate bonds, municipal bonds and mortgage backed securities. The portfolio strategy minimizes volatility in the market place and maximizes liquidity. A high level of liquidity ensures that cash will be available to pay losses should they occur. Our Company carefully invests in high quality securities.

Florida is an unpredictable state. We’ve addressed this through continuously running models of our risks and carefully designing a reinsurance program tailored to the homes and mobile homes we insure. In the event of a hurricane, the majority of our losses are covered by the reinsurance we purchase from companies around the world. Our reinsurance program is based on relationships in London and Bermuda that have developed over many years through trust and confidence. We've designed a program that considers both the severity of a particular storm as well as the possibility of multiple storms in one year. In any given storm our retention (i.e. deductible) is less than 10% of our surplus. As seen in the list below, we spread the risk between multiple reinsurers and only purchase coverage from the highest quality companies in the world. We also purchase a portion of our overall reinsurance from the Florida Hurricane Catastrophe Fund.