Fitch affirms FPIC

Fitch Ratings said it affirmed FPIC Insurance Group's issuer default rating at BBB and senior debt rating at BBB-.

The outlook is stable.

Fitch said the ratings are based on above-average underwriting performance and profitability, adequate loss reserve levels and an improving statutory capital position.

The rating also considers that the company has one line of coverage in a volatile segment of the property/casualty insurance industry, the agency said.

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