US Coastal Property & Casualty Insurance Company and US Coastal Insurance Company Surveillance Report
Rating Summary
The ratings for both entities reflect their sound risk-adjusted capitalization, conservative and high credit quality investment portfolios with limited investment risk, and experienced management team with a focused strategy and strong alignment of interests. USCPC has demonstrated improving profitability, reporting $8.7 million of cumulative net income from 2021 through 2025 and underwriting income in four of the last five years. The exception was 2024, when results were impacted by Hurricanes Debby, Helene and Milton. USCPC’s underlying attritional loss ratio has remained below 40%, reflecting strong underwriting and timely claims handling, with positive results continuing through the first half of 2026. USCIC’s profitability has been more volatile, with a cumulative net loss of approximately $1.1 million from 2021 through 2025, primarily reflecting underwriting losses in 2023 and 2024 associated with higher reinsurance costs and lower net premium levels. USCIC…
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