ADDED
These statements may address, among other things, our strategy for growth, catastrophe exposure and other risk management, product development, investment results, regulatory approvals, market position, expenses, financial results, projections, estimates, litigation and reserves.
We have more than 25 years of experience providing protection solutions.
We have made substantial efforts in recent years to innovate across all of our service businesses, including continued development of our digital agency Clovered.com, where we have 39 carrier partners, and utilization of digital applications where applicable to administer claims.
APPCIC writes similar lines of insurance as UPCIC, but is only licensed in Florida and Georgia.
APPCIC primarily distributes policies through our digital platforms, and beginning in the current year through our independent agency network.
Our combined statutory capital and surplus was approximately $509.1 million at December 31, 2025.
Although the Florida legislature passed law changes to address market abuses, including substantial reforms in December 2022, the benefits of these law changes may not be fully realized for several years while the Company continues to settle and respond to claims that occurred prior to reforms taking full effect.
Our enterprise risk management framework, overseen by senior management and the Board of Directors (the Board of Directors or the Board ), models and assesses loss probabilities.
Alder also has increased its use of technology to inspect properties and facilitate adjusting claims.
Of these employees, 56% comprise our in-house claims litigation team.
REMOVED
These statements may address, among other things, our strategy for growth, catastrophe exposure and other risk management, product development, investment results, regulatory approvals, market position, expenses, financial results, changes in laws, judicial decisions or regulatory interpretations, litigation and reserves.
We have more than 20 years of experience providing protection solutions.
We have made substantial efforts in recent years to innovate across all of our service businesses, including continued development of our digital agency Clovered.com, where we have more than 50 carrier partners, and utilization of digital applications where applicable to adjust claims.
APPCIC writes similar lines of insurance as UPCIC, but is only licensed in Florida and Georgia and primarily distributes policies through our digital platforms.
Our combined statutory capital surplus was approximately $413.5 million at December 31, 2024.
Although the Florida legislature passed law changes to address market abuses, including substantial reforms in December 2022, the benefits of these law changes may not be fully realized for several years.
Our enterprise risk management framework, overseen by senior management and the Board, models and assesses loss probabilities.
Alder also has increased its use of technology to inspect properties and adjust claims.
Of these employees, i comprise our in-house claims litigation team.
Distribution We market and sell our products primarily through our network of approximately 9,600 licensed independent agents (4,000 in Florida).