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.

2020 Reinsurance AM Best Rating Surplus (millions)
Everest Reinsurance Company A+ $3,721
Houston Casualty Company A++ $2,112
Artex SAC Limited/Gemini Re A $0
Ascot Bermuda Ltd A $1.517
Aspen Bermuda Ltd A $1,565
AXIS Specialty Ltd A $3.470
Convex Re Ltd A- $717
Hannover Re Ltd A+ $1,234
Hiscox Insurance Company Ltd A $613
Partner Reinsurance Company Ltd A+ $3,629
XL Bermuda Ltd A+ $11,635
United Kingdom
Hiscox Syndicate 0033 A $2,244
Faraday Syndicate 0435 A $574
Kiln Syndicate 0510 A $1,651
QBE Syndicate 0566 A
Atrium Syndicate 0609 A $693
Advent Syndicate 0780 A $559
Antares Syndicate 1274 A $495
Ascot Syndicate 1414 A $858
Axis Syndicate 1686 A $1,320
Dale Syndicate 1729 A $178
Arcus Syndicate 1856 A $143
Canopius Syndicate 1861 A $726
Tokio Syndicate 1880 A $475
Ariel Syndicate 1910 A $245
Apollo Syndicate 1969 A $330
MS Amlin Syndicate 2001 A $2,112
XL Catlin Syndicate 2003 A $1,780
Cathedral Syndicate 2010 A $404
Beazley Syndicate 2623 A $2,550
MAP Syndicate 2791 A $528
Markel Syndicate 3000 A $627
Canopius Syndicate 4444 A $1,383
Blenheim Syndicate 5886 A $330
Convex Insurance UK Limited A- $304
Europe - Other
Hannover Rueck ES A+ $609
MS Amlin AG A $1,844
Korean Reinsurance Co A


New India Assurance Co A- $5,513 

Company Rating

Regardless of the severity of a general economic downturn or deterioration in the insurance cycle, insurers earning a Financial Stability Rating® of A possess Exceptional financial stability related to maintaining positive surplus as regards policyholders. Demotech, Inc. is a highly regarded financial analysis firm. Financial Stability Ratings® (FSRs) are a leading indicator of an insurer's financial stability. FSRs are based upon a series of quantitative ratios and considerations which together comprise Demotech's Financial Stability Analysis Model. FSRs are accepted by several government sponsored enterprises, including Fannie Mae, Freddie Mac and various programs of the United States Department of Housing and Urban Development (HUD), mortgage lenders, as well as a number of umbrella and agents errors and omissions insurance markets.
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